Grid Dynamics Holdings (NASDAQ:GDYN) Expected to Post Earnings of -$0.02 Per Share

Analysts expect Grid Dynamics Holdings (NASDAQ:GDYN) to report ($0.02) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Grid Dynamics’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.03). The firm is expected to announce its next quarterly earnings results after the market closes on Thursday, November 5th.

On average, analysts expect that Grid Dynamics will report full year earnings of $0.04 per share for the current financial year, with EPS estimates ranging from $0.01 to $0.06. For the next financial year, analysts expect that the business will post earnings of $0.16 per share, with EPS estimates ranging from $0.13 to $0.19. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Grid Dynamics.

Grid Dynamics (NASDAQ:GDYN) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $22.37 million for the quarter, compared to analyst estimates of $21.25 million.

A number of brokerages have recently weighed in on GDYN. Loop Capital raised their target price on Grid Dynamics from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Canaccord Genuity began coverage on Grid Dynamics in a research note on Monday, September 28th. They issued a “buy” rating and a $10.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Grid Dynamics in a research note on Monday, July 13th. Needham & Company LLC restated a “buy” rating and issued a $11.00 target price on shares of Grid Dynamics in a research note on Thursday, September 3rd. Finally, Northland Securities reiterated a “buy” rating and issued a $10.50 price target on shares of Grid Dynamics in a report on Friday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $22.75.

Shares of NASDAQ:GDYN traded up $0.06 during midday trading on Friday, reaching $8.46. The company’s stock had a trading volume of 397,857 shares, compared to its average volume of 276,955. Grid Dynamics has a fifty-two week low of $4.61 and a fifty-two week high of $13.51. The business’s fifty day simple moving average is $7.69 and its 200-day simple moving average is $7.75.

In related news, Director Lloyd Carney bought 7,200 shares of Grid Dynamics stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $7.89 per share, for a total transaction of $56,808.00. Following the completion of the acquisition, the director now owns 967,497 shares in the company, valued at $7,633,551.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Shuo Zhang bought 10,395 shares of Grid Dynamics stock in a transaction on Wednesday, August 12th. The shares were bought at an average price of $7.61 per share, for a total transaction of $79,105.95. Following the acquisition, the director now owns 12,399 shares of the company’s stock, valued at approximately $94,356.39. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 27,295 shares of company stock worth $205,989. 19.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley acquired a new stake in shares of Grid Dynamics during the first quarter worth about $36,000. Strs Ohio purchased a new stake in shares of Grid Dynamics in the second quarter worth approximately $38,000. Citigroup Inc. purchased a new stake in shares of Grid Dynamics in the first quarter worth approximately $63,000. SG Americas Securities LLC purchased a new stake in shares of Grid Dynamics in the second quarter worth approximately $82,000. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Grid Dynamics in the second quarter worth approximately $85,000. 42.60% of the stock is currently owned by institutional investors.

Grid Dynamics Company Profile

Grid Dynamics International, Inc is an engineering IT services company, provides transformative and mission-critical cloud solutions for retail, finance, and technology sectors. It offers big data engineering services, including consulting, design, implementation, and operational support of in-stream and batch processing pipelines; QA automation services, including UI, API, mobile, performance, batch processing, technical computing, regression, continuous, and integration testing services; test data and test environment management; quality KPI definition and tracking; test automation framework development; and best practices and toolset workshops; cloud engineering; UI/full stack engineering; release engineering / DevOps; and search engine and mobile application development services.

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Earnings History and Estimates for Grid Dynamics (NASDAQ:GDYN)

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