Wall Street analysts expect Grid Dynamics Holdings, Inc. (NASDAQ:GDYN – Get Rating) to report sales of $73.13 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Grid Dynamics’ earnings, with estimates ranging from $72.50 million to $73.59 million. Grid Dynamics posted sales of $47.68 million during the same quarter last year, which would indicate a positive year over year growth rate of 53.4%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Grid Dynamics will report full-year sales of $297.47 million for the current year, with estimates ranging from $290.40 million to $302.80 million. For the next year, analysts forecast that the firm will report sales of $366.64 million, with estimates ranging from $362.00 million to $371.27 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Grid Dynamics.
Grid Dynamics (NASDAQ:GDYN – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $71.41 million for the quarter, compared to the consensus estimate of $65.07 million. Grid Dynamics had a positive return on equity of 12.79% and a negative net margin of 3.41%. The business’s revenue was up 82.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 earnings per share.
In other Grid Dynamics news, Director Patrick Nicolet bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $16.42 per share, with a total value of $164,200.00. Following the completion of the transaction, the director now directly owns 14,290 shares in the company, valued at approximately $234,641.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Benhamou purchased 23,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were purchased at an average price of $10.88 per share, for a total transaction of $255,680.00. The disclosure for this purchase can be found here. 11.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of GDYN. First Horizon Advisors Inc. lifted its position in shares of Grid Dynamics by 120.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 864 shares of the company’s stock worth $27,000 after purchasing an additional 472 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Grid Dynamics by 120.8% in the first quarter. Meeder Asset Management Inc. now owns 2,422 shares of the company’s stock worth $34,000 after acquiring an additional 1,325 shares during the period. Rockefeller Capital Management L.P. bought a new stake in shares of Grid Dynamics in the third quarter worth approximately $39,000. Point72 Hong Kong Ltd purchased a new position in shares of Grid Dynamics in the fourth quarter worth approximately $40,000. Finally, Hardy Reed LLC purchased a new position in shares of Grid Dynamics in the first quarter worth approximately $70,000. 65.42% of the stock is currently owned by institutional investors and hedge funds.
Shares of GDYN stock traded down $0.04 during trading hours on Monday, reaching $16.29. The company had a trading volume of 513,138 shares, compared to its average volume of 667,812. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.61 and a current ratio of 6.32. Grid Dynamics has a twelve month low of $9.09 and a twelve month high of $42.81. The company has a market capitalization of $1.09 billion, a P/E ratio of -125.31 and a beta of 1.04. The stock’s fifty day simple moving average is $14.34 and its 200 day simple moving average is $24.28.
About Grid Dynamics (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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