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

Gorilla Technology Group Inc. (NASDAQ:GRRR) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $37.25.

GRRR has been the topic of several recent analyst reports. B. Riley Financial assumed coverage on shares of Gorilla Technology Group in a research note on Monday, August 31st. They set a “buy” rating on the stock. Wall Street Zen downgraded Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday, August 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price target on shares of Gorilla Technology Group in a research note on Thursday, June 4th. Compass Point started coverage on Gorilla Technology Group in a research report on Tuesday, August 18th. They issued a “buy” rating and a $44.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th.

Gorilla Technology Group Trading Up 2.1%

Gorilla Technology Group stock opened at $14.36 on Friday. The stock has a 50-day moving average price of $13.59 and a 200 day moving average price of $14.17. Gorilla Technology Group has a 52 week low of $9.04 and a 52 week high of $23.49. The stock has a market cap of $395.04 million, a PE ratio of -26.59 and a beta of 0.39. The company has a current ratio of 2.24, a quick ratio of 2.91 and a debt-to-equity ratio of 0.37.

Gorilla Technology Group (NASDAQ:GRRR) last released its earnings results 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 business had revenue of $50.13 million for the quarter, compared to the consensus estimate of $38.69 million. Equities research analysts predict that Gorilla Technology Group will post -1.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gorilla Technology Group

Several hedge funds have recently modified their holdings of GRRR. Royal Bank of Canada boosted its holdings in shares of Gorilla Technology Group by 58.1% in 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 last quarter. Rathbones Group PLC lifted its stake in shares of Gorilla Technology Group by 69.9% during the first quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock worth $190,000 after purchasing an additional 7,425 shares in the last quarter. Themes Management Co LLC lifted its position 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 worth $1,077,000 after acquiring an additional 7,531 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Gorilla Technology Group by 8.1% during the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after purchasing an additional 2,358 shares during the period. Finally, SEB Asset Management AB purchased a new position in shares of Gorilla Technology Group in the first quarter valued at $161,000. 1.33% of the stock is owned by institutional investors and hedge funds.

Gorilla Technology Group Company Profile

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.