Gorilla Technology Group (NASDAQ:GRRR) Upgraded to “Strong-Buy” at Benchmark

Benchmark upgraded shares of Gorilla Technology Group (NASDAQ:GRRR) to a strong-buy rating in a research report report published on Tuesday,Zacks reports.

Several other research analysts have also weighed in on GRRR. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of Gorilla Technology Group in a research report on Thursday, June 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Friday, July 17th. Wall Street Zen cut Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday, August 30th. Compass Point started coverage on Gorilla Technology Group in a research note on Tuesday, August 18th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, B. Riley Financial assumed coverage on Gorilla Technology Group in a report on Monday, August 31st. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.25.

Gorilla Technology Group Price Performance

Shares of NASDAQ GRRR opened at $13.83 on Tuesday. The firm has a market capitalization of $380.46 million, a P/E ratio of -25.61 and a beta of 0.39. Gorilla Technology Group has a one year low of $9.04 and a one year high of $23.49. The company’s fifty day moving average is $13.71 and its two-hundred day moving average is $14.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.91 and a current ratio of 2.24.

Gorilla Technology Group (NASDAQ:GRRR) last posted its quarterly earnings results on Monday, August 24th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The firm had revenue of $50.13 million for the quarter, compared to analyst estimates of $38.69 million. Analysts forecast that Gorilla Technology Group will post -1.86 EPS for the current fiscal year.

Institutional Trading of Gorilla Technology Group

Several large investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Gorilla Technology Group by 58.1% during the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock worth $2,909,000 after purchasing an additional 101,551 shares during the last quarter. Themes Management Co LLC grew its holdings in Gorilla Technology Group by 8.0% during the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock valued at $1,077,000 after buying an additional 7,531 shares during the last quarter. Cetera Investment Advisers increased its position in Gorilla Technology Group by 8.1% during the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock worth $330,000 after buying an additional 2,358 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of Gorilla Technology Group by 69.9% in the first quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock worth $190,000 after acquiring an additional 7,425 shares during the last quarter. Finally, DGS Capital Management LLC purchased a new stake in shares of Gorilla Technology Group in the first quarter valued at $170,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

About Gorilla Technology Group

Gorilla Technology Group Inc is a technology company that provides artificial intelligence, computer vision and edge-computing solutions for government and enterprise customers. Its offerings are designed to help organizations analyze video and other data in real time, improve operational efficiency, and support security and automation initiatives.

The company develops solutions for smart cities, including intelligent transportation, public safety, surveillance, traffic management and related urban infrastructure applications.