Gorilla Technology Group (NASDAQ:GRRR) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Gorilla Technology Group (NASDAQ:GRRR) released its quarterly earnings results on Monday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), Zacks reports. The firm had revenue of $26.48 million during the quarter, compared to the consensus estimate of $26.50 million. Gorilla Technology Group updated its FY 2025 guidance to EPS and its FY 2026 guidance to EPS.

Gorilla Technology Group Stock Performance

Shares of Gorilla Technology Group stock traded up $0.93 on Wednesday, reaching $14.74. 469,869 shares of the company were exchanged, compared to its average volume of 2,434,629. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.48 and a current ratio of 2.16. Gorilla Technology Group has a 1-year low of $3.71 and a 1-year high of $44.15. The company’s 50-day moving average is $17.29 and its two-hundred day moving average is $18.00. The firm has a market cap of $296.78 million, a price-to-earnings ratio of 491.70 and a beta of -0.28.

Institutional Trading of Gorilla Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in shares of Gorilla Technology Group by 60.0% in the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock worth $38,000 after acquiring an additional 720 shares during the last quarter. Legal & General Group Plc lifted its stake in Gorilla Technology Group by 1.4% during the third quarter. Legal & General Group Plc now owns 72,077 shares of the company’s stock valued at $1,331,000 after buying an additional 1,013 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Gorilla Technology Group during the 1st quarter valued at $61,000. Raymond James Financial Inc. boosted its position in shares of Gorilla Technology Group by 21.8% in the second quarter. Raymond James Financial Inc. now owns 17,698 shares of the company’s stock worth $352,000 after buying an additional 3,168 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Gorilla Technology Group by 28.4% in the second quarter. Cetera Investment Advisers now owns 20,622 shares of the company’s stock worth $410,000 after buying an additional 4,557 shares during the period. 1.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GRRR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Thursday, November 13th. Zacks Research cut Gorilla Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.