Gorilla Technology Group (NASDAQ:GRRR) Upgraded at Zacks Research

Zacks Research upgraded shares of Gorilla Technology Group (NASDAQ:GRRR) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

GRRR has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Wednesday, November 19th. Cantor Fitzgerald started coverage on shares of Gorilla Technology Group in a report on Thursday, December 11th. They set an “overweight” rating and a $31.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.00.

Gorilla Technology Group Price Performance

Gorilla Technology Group stock opened at $14.03 on Monday. The stock has a fifty day moving average of $13.01 and a 200-day moving average of $16.11. The stock has a market capitalization of $282.56 million, a P/E ratio of 51.96 and a beta of -0.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.64 and a current ratio of 3.64. Gorilla Technology Group has a 52 week low of $10.85 and a 52 week high of $44.15.

Gorilla Technology Group (NASDAQ:GRRR) last issued 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 company had revenue of $26.48 million for the quarter, compared to analyst estimates of $26.50 million. On average, sell-side 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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position 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 acquiring an additional 720 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Gorilla Technology Group during the 3rd quarter valued at about $50,000. NewEdge Advisors LLC acquired a new stake in Gorilla Technology Group during the first quarter worth approximately $61,000. Sunbelt Securities Inc. bought a new stake in Gorilla Technology Group in the third quarter worth approximately $90,000. Finally, Rathbones Group PLC acquired a new position in Gorilla Technology Group in the third quarter valued at approximately $196,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

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.