Gorilla Technology Group Inc. (NASDAQ:GRRR) Receives Average Rating of “Hold” from Brokerages

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) have received an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.25.

GRRR has been the topic of several recent research reports. Zacks Research raised Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a report on Friday, July 17th. Compass Point began coverage on Gorilla Technology Group in a research note on Tuesday, August 18th. They issued a “buy” rating and a $44.00 price objective on the stock. Wall Street Zen lowered Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday. Finally, B. Riley Financial started coverage on Gorilla Technology Group in a research report on Monday. They set a “buy” rating and a $25.00 target price for the company.

Institutional Trading of Gorilla Technology Group

Several large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Gorilla Technology Group by 58.1% during the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock valued at $2,909,000 after purchasing an additional 101,551 shares during the period. UBS Group AG raised its position in shares of Gorilla Technology Group by 191.6% during the fourth quarter. UBS Group AG now owns 600,310 shares of the company’s stock valued at $6,555,000 after buying an additional 394,443 shares during the last quarter. Themes Management Co LLC acquired a new position in shares of Gorilla Technology Group during the fourth quarter valued at about $1,034,000. Oppenheimer & Co. Inc. lifted its stake in shares of Gorilla Technology Group by 82.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 122,456 shares of the company’s stock valued at $1,337,000 after buying an additional 55,155 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Gorilla Technology Group by 8.1% in the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after buying an additional 2,358 shares during the period. 1.33% of the stock is owned by institutional investors.

Gorilla Technology Group Stock Up 3.2%

Shares of GRRR traded up $0.46 during mid-day trading on Monday, hitting $14.87. 165,551 shares of the company’s stock were exchanged, compared to its average volume of 1,074,302. The stock has a market cap of $409.07 million, a price-to-earnings ratio of 165.67 and a beta of 0.34. The firm has a fifty day moving average of $14.91 and a two-hundred day moving average of $13.93. The company has a quick ratio of 2.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.37. Gorilla Technology Group has a twelve month low of $9.04 and a twelve month high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR) last issued its quarterly earnings data on Monday, August 24th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The company had revenue of $50.13 million for the quarter, compared to analysts’ expectations of $38.69 million. On average, sell-side analysts forecast that Gorilla Technology Group will post -1.01 earnings per share for the current year.

About Gorilla Technology Group

Gorilla Technology Group is a Taiwan‐based provider of video computing and artificial intelligence solutions, offering software and hardware platforms for real‐time video analytics, facial recognition and edge‐computing applications. The company’s core business centers on the development of AI‐driven surveillance technologies that can be deployed in cloud, on-premise or hybrid environments. Gorilla Technology Group’s platforms are designed to process high-volume video data streams for security monitoring, operational optimization and business intelligence.

The company’s flagship offerings include video management systems integrated with smart analytics modules, IoT gateways for edge-level data processing and AI engines for tasks such as people counting, license plate recognition and behavioral analysis.