Gorilla Technology Group (NASDAQ:GRRR) Issues Earnings Results

Gorilla Technology Group (NASDAQ:GRRR) issued its quarterly earnings data on Monday. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02), Zacks reports. Gorilla Technology Group updated its FY 2025 guidance to EPS and its FY 2026 guidance to EPS.

Gorilla Technology Group Trading Up 7.4%

NASDAQ GRRR opened at $14.83 on Wednesday. Gorilla Technology Group has a 12 month low of $3.71 and a 12 month high of $44.15. The stock has a 50-day simple moving average of $17.29 and a 200 day simple moving average of $18.00. The company has a current ratio of 2.16, a quick ratio of 2.48 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $298.72 million, a PE ratio of 492.37 and a beta of -0.28.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on GRRR shares. Zacks Research downgraded Gorilla Technology Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.00.

Institutional Trading of Gorilla Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of GRRR. Bank of America Corp DE increased its stake in Gorilla Technology Group by 60.0% during the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock worth $38,000 after purchasing an additional 720 shares in the last quarter. Legal & General Group Plc lifted its stake in Gorilla Technology Group by 1.4% in the third quarter. Legal & General Group Plc now owns 72,077 shares of the company’s stock valued at $1,331,000 after buying an additional 1,013 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of Gorilla Technology Group in the first quarter valued at approximately $61,000. Raymond James Financial Inc. increased its position in shares of Gorilla Technology Group by 21.8% during the second quarter. Raymond James Financial Inc. now owns 17,698 shares of the company’s stock worth $352,000 after acquiring an additional 3,168 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Gorilla Technology Group by 28.4% during the second quarter. Cetera Investment Advisers now owns 20,622 shares of the company’s stock worth $410,000 after acquiring an additional 4,557 shares during the period. 1.33% of the stock is owned by institutional investors.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.