Grid Dynamics (NASDAQ:GDYN – Get Rating) is set to release its earnings data after the market closes on Thursday, May 5th. Analysts expect Grid Dynamics to post earnings of $0.04 per share for the quarter. Grid Dynamics has set its Q1 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Grid Dynamics (NASDAQ:GDYN – Get Rating) last posted its earnings results on Thursday, March 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $66.54 million for the quarter, compared to the consensus estimate of $58.79 million. Grid Dynamics had a negative net margin of 3.64% and a positive return on equity of 12.30%. The firm’s revenue was up 120.9% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. On average, analysts expect Grid Dynamics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of NASDAQ GDYN opened at $14.01 on Thursday. The company has a market capitalization of $936.58 million, a P/E ratio of -107.77 and a beta of 1.11. Grid Dynamics has a 52-week low of $9.09 and a 52-week high of $42.81. The company’s 50 day moving average price is $13.36 and its 200-day moving average price is $25.89.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Grid Dynamics by 212.7% in the 2nd quarter. Royal Bank of Canada now owns 7,186 shares of the company’s stock worth $108,000 after acquiring an additional 4,888 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Grid Dynamics in the 2nd quarter worth $204,000. NewEdge Advisors LLC bought a new stake in shares of Grid Dynamics in the 4th quarter worth $243,000. Virtu Financial LLC bought a new stake in shares of Grid Dynamics in the 4th quarter worth $263,000. Finally, Millennium Management LLC grew its stake in shares of Grid Dynamics by 70.1% in the 2nd quarter. Millennium Management LLC now owns 18,450 shares of the company’s stock worth $277,000 after acquiring an additional 7,606 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company’s stock.
A number of research analysts have recently issued reports on the stock. Cowen downgraded shares of Grid Dynamics from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $37.00 to $16.00 in a research report on Thursday, February 24th. Northland Securities dropped their price target on shares of Grid Dynamics from $40.00 to $22.50 and set an “outperform” rating on the stock in a research report on Friday, March 4th. TheStreet downgraded shares of Grid Dynamics from a “c-” rating to a “d+” rating in a research report on Wednesday, March 2nd. Cantor Fitzgerald dropped their price target on shares of Grid Dynamics from $40.00 to $25.00 in a research report on Friday, February 25th. Finally, Needham & Company LLC boosted their target price on shares of Grid Dynamics from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, April 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $22.44.
Grid Dynamics Company Profile (Get Rating)
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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