Gorilla Technology Group (NASDAQ:GRRR) Stock Rating Upgraded by Zacks Research

Gorilla Technology Group (NASDAQ:GRRR) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

GRRR has been the topic of several other research reports. Cantor Fitzgerald assumed coverage on Gorilla Technology Group in a research report on Thursday, December 11th. They issued an “overweight” rating and a $31.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gorilla Technology Group has an average rating of “Moderate Buy” and a consensus target price of $24.50.

Gorilla Technology Group Stock Down 4.2%

GRRR opened at $13.63 on Monday. Gorilla Technology Group has a fifty-two week low of $10.85 and a fifty-two week high of $44.15. The firm has a market capitalization of $274.51 million, a P/E ratio of 50.48 and a beta of -0.25. The company’s 50-day moving average is $13.00 and its 200 day moving average is $16.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.64 and a quick ratio of 3.64.

Gorilla Technology Group (NASDAQ:GRRR) last posted its quarterly earnings data on Monday, November 17th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $26.48 million for the quarter, compared to analysts’ expectations of $26.50 million. Research analysts expect that Gorilla Technology Group will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gorilla Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its stake in shares of Gorilla Technology Group by 39.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,765 shares of the company’s stock worth $227,000 after purchasing an additional 5,840 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Gorilla Technology Group during the 3rd quarter worth approximately $50,000. Sunbelt Securities Inc. purchased a new stake in shares of Gorilla Technology Group in the third quarter worth $90,000. Millennium Management LLC purchased a new stake in shares of Gorilla Technology Group in the 3rd quarter valued at about $278,000. Finally, Virtu Financial LLC bought a new stake in shares of Gorilla Technology Group during the 3rd quarter valued at about $348,000. Institutional investors own 1.33% of the company’s stock.

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.