Grid Dynamics (NASDAQ:GDYN – Get Rating) is set to release its earnings data after the market closes on Thursday, August 4th. Analysts expect Grid Dynamics to post earnings of $0.09 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Grid Dynamics (NASDAQ:GDYN – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. Grid Dynamics had a positive return on equity of 12.79% and a negative net margin of 3.41%. The firm had revenue of $71.41 million during the quarter, compared to analysts’ expectations of $65.07 million. During the same quarter last year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 82.5% on a year-over-year basis. On average, analysts expect Grid Dynamics to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Grid Dynamics Stock Performance
Shares of GDYN opened at $18.15 on Thursday. The stock has a 50-day moving average of $17.49 and a two-hundred day moving average of $17.66. Grid Dynamics has a one year low of $9.09 and a one year high of $42.81. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.32 and a current ratio of 6.32. The stock has a market cap of $1.22 billion, a P/E ratio of -139.62 and a beta of 1.02.
Insider Activity at Grid Dynamics
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in GDYN. Acadian Asset Management LLC lifted its holdings in Grid Dynamics by 239.0% in the first quarter. Acadian Asset Management LLC now owns 5,837 shares of the company’s stock valued at $82,000 after acquiring an additional 4,115 shares during the last quarter. Ergoteles LLC acquired a new position in Grid Dynamics in the first quarter valued at approximately $159,000. Lazard Asset Management LLC lifted its holdings in Grid Dynamics by 4,926.7% in the first quarter. Lazard Asset Management LLC now owns 12,215 shares of the company’s stock valued at $171,000 after acquiring an additional 11,972 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Grid Dynamics in the first quarter valued at approximately $188,000. Finally, HighTower Advisors LLC lifted its stake in Grid Dynamics by 4.2% during the first quarter. HighTower Advisors LLC now owns 16,568 shares of the company’s stock worth $225,000 after purchasing an additional 671 shares in the last quarter. 65.42% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have commented on GDYN shares. Northland Securities lifted their price target on Grid Dynamics from $22.50 to $25.00 in a research report on Monday, May 9th. Citigroup lifted their price target on Grid Dynamics from $20.00 to $23.00 in a research report on Friday, May 6th. Finally, Needham & Company LLC lifted their price target on Grid Dynamics from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.43.
About Grid Dynamics
Grid Dynamics Holdings, Inc, together with its subsidiaries, provides enterprise-level digital transformation services in the areas of search, analytics, and release automation for Fortune 1000 corporations in North America, Europe, and internationally. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.
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