Gorilla Technology Group Inc. (NASDAQ:GRRR) Stock Has Average Target Price of $37.25

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $37.25.

GRRR has been the subject of several recent research reports. Compass Point assumed coverage on shares of Gorilla Technology Group in a research note on Tuesday, August 18th. They set a “buy” rating and a $44.00 target price for the company. B. Riley Financial started coverage on shares of Gorilla Technology Group in a report on Monday, August 31st. They issued a “buy” rating on the stock. Wall Street Zen lowered shares of Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday, August 30th. Benchmark raised Gorilla Technology Group to a “strong-buy” rating in a research note on Tuesday, September 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Thursday, October 15th.

Gorilla Technology Group Price Performance

Shares of NASDAQ GRRR opened at $8.45 on Tuesday. The company has a market capitalization of $232.46 million, a price-to-earnings ratio of -15.65 and a beta of 0.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.24 and a quick ratio of 2.91. Gorilla Technology Group has a 1-year low of $7.00 and a 1-year high of $23.49. The business has a 50-day moving average of $12.65 and a 200-day moving average of $13.46.

Gorilla Technology Group (NASDAQ:GRRR) last released 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 company had revenue of $50.13 million for the quarter, compared to analyst estimates of $38.69 million. On average, equities analysts anticipate that Gorilla Technology Group will post -1.96 EPS for the current fiscal year.

Institutional Trading of Gorilla Technology Group

Large investors have recently added to or reduced their stakes in the business. Rathbones Group PLC boosted its position in shares of Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock valued at $190,000 after purchasing an additional 7,425 shares during the period. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 101,551 shares in the last quarter. Themes Management Co LLC boosted its stake in Gorilla Technology Group by 8.0% in the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock worth $1,077,000 after purchasing an additional 7,531 shares during the period. Cetera Investment Advisers grew its position in Gorilla Technology Group by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock worth $330,000 after purchasing an additional 2,358 shares in the last quarter. Finally, SEB Asset Management AB purchased a new position in shares of Gorilla Technology Group during the first quarter valued at $161,000. 1.33% of the stock is currently owned by institutional investors.

About Gorilla Technology Group

Gorilla Technology Group Inc is a technology company that develops artificial intelligence, video analytics and edge-computing solutions for smart cities, public safety, enterprise security and other applications. Its platforms are designed to help organizations analyze video and other data in real time, supporting situational awareness, operational efficiency and automated decision-making.

The company’s offerings include intelligent video management and analytics, facial and object recognition, traffic and transportation monitoring, smart retail tools, security convergence and Internet of Things solutions.