Gorilla Technology Group (NASDAQ:GRRR) Earns Buy Rating from Analysts at B. Riley Financial

B. Riley Financial initiated coverage on shares of Gorilla Technology Group (NASDAQ:GRRR) in a report released on Monday, MarketBeat reports. The brokerage issued a buy rating and a $25.00 price target on the stock.

A number of other research analysts also recently commented on the company. Compass Point assumed coverage on Gorilla Technology Group in a report on Tuesday, August 18th. They set a “buy” rating and a $44.00 target price on the stock. Zacks Research upgraded Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Wall Street Zen cut Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of Gorilla Technology Group in a research note on Thursday, June 4th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.25.

Gorilla Technology Group Stock Performance

Shares of Gorilla Technology Group stock opened at $13.72 on Monday. The firm has a market cap of $377.44 million, a PE ratio of 152.44 and a beta of 0.39. The firm’s 50-day simple moving average is $14.75 and its 200-day simple moving average is $13.96. 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 has a 1 year low of $9.04 and a 1 year high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR) last issued its quarterly earnings results on Monday, August 24th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate 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. Equities analysts forecast that Gorilla Technology Group will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of Gorilla Technology Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its holdings in shares of Gorilla Technology Group by 191.6% in the 4th quarter. UBS Group AG now owns 600,310 shares of the company’s stock worth $6,555,000 after purchasing an additional 394,443 shares during the last quarter. State Street Corp grew its stake in Gorilla Technology Group by 13.2% during the 4th quarter. State Street Corp now owns 300,802 shares of the company’s stock worth $3,285,000 after buying an additional 34,998 shares during the last quarter. Royal Bank of Canada increased its position in Gorilla Technology Group by 58.1% in the first quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock worth $2,909,000 after buying an additional 101,551 shares during the period. Osaic Holdings Inc. increased its position in Gorilla Technology Group by 54.9% in the fourth quarter. Osaic Holdings Inc. now owns 157,673 shares of the company’s stock worth $1,722,000 after buying an additional 55,875 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its stake in 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 last quarter. 1.33% of the stock is currently owned by institutional investors and hedge funds.

Gorilla Technology Group Company Profile

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.