Grid Dynamics (NASDAQ:GDYN) Releases Earnings Results, Misses Expectations By $0.06 EPS

Grid Dynamics (NASDAQ:GDYN) posted its quarterly earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06), Zacks reports. Grid Dynamics had a return on equity of 0.15% and a net margin of 0.74%. Grid Dynamics updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Grid Dynamics Trading Down 5.1 %

GDYN stock traded down $1.09 during midday trading on Thursday, hitting $20.48. 840,228 shares of the company’s stock were exchanged, compared to its average volume of 717,634. Grid Dynamics has a 1-year low of $9.07 and a 1-year high of $24.60. The business has a 50-day simple moving average of $21.58 and a two-hundred day simple moving average of $17.55. The stock has a market capitalization of $1.69 billion, a PE ratio of 682.89 and a beta of 1.01.

Insider Activity

In other news, CFO Anil Doradla sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $19.08, for a total value of $57,240.00. Following the transaction, the chief financial officer now directly owns 373,282 shares in the company, valued at approximately $7,122,220.56. This represents a 0.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 8,000 shares of company stock valued at $171,780 in the last quarter. Insiders own 7.20% of the company’s stock.

Analyst Upgrades and Downgrades

GDYN has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Grid Dynamics from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on Grid Dynamics from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Needham & Company LLC raised their target price on Grid Dynamics from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, TD Cowen boosted their price target on shares of Grid Dynamics from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Grid Dynamics has an average rating of “Buy” and an average price target of $18.33.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.