Gorilla Technology Group (NASDAQ:GRRR) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Gorilla Technology Group (NASDAQ:GRRR) from a hold rating to a strong sell rating in a report published on Monday,Zacks.com reports.

Separately, Northland Securities set a $40.00 price target on shares of Gorilla Technology Group in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $35.50.

Gorilla Technology Group Price Performance

Shares of NASDAQ GRRR opened at $13.48 on Monday. Gorilla Technology Group has a twelve month low of $9.04 and a twelve month high of $27.90. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $271.49 million, a price-to-earnings ratio of 49.93 and a beta of -0.14. The firm has a 50-day moving average of $11.51 and a two-hundred day moving average of $13.24.

Insider Buying and Selling

In other Gorilla Technology Group news, Director Evan S. Medeiros sold 12,604 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $12.16, for a total transaction of $153,264.64. Following the completion of the sale, the director directly owned 20,936 shares of the company’s stock, valued at approximately $254,581.76. This represents a 37.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 30.51% of the company’s stock.

Institutional Trading of Gorilla Technology Group

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in Gorilla Technology Group by 60.0% during the second quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock valued at $38,000 after buying an additional 720 shares in the last quarter. Legal & General Group Plc lifted its stake in Gorilla Technology Group by 1.4% during 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 purchased a new stake in Gorilla Technology Group during the first quarter valued at about $61,000. FNY Investment Advisers LLC purchased a new stake in Gorilla Technology Group during the third quarter valued at about $50,000. Finally, Raymond James Financial Inc. lifted its stake in Gorilla Technology Group by 21.8% during the second quarter. Raymond James Financial Inc. now owns 17,698 shares of the company’s stock valued at $352,000 after buying an additional 3,168 shares in the last quarter. 1.33% of the stock is owned by hedge funds and other institutional investors.

About Gorilla Technology Group

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.