Gorilla Technology Group (NASDAQ:GRRR) Upgraded to “Hold” 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 Tuesday morning,Zacks.com reports.

Separately, Northland Securities set a $40.00 price target on Gorilla Technology Group in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $35.50.

Gorilla Technology Group Trading Up 4.9%

Shares of GRRR stock opened at $13.41 on Tuesday. The business’s 50 day moving average is $12.24 and its two-hundred day moving average is $12.73. Gorilla Technology Group has a twelve month low of $9.04 and a twelve month high of $27.90. The company has a market capitalization of $351.21 million, a P/E ratio of 49.67 and a beta of 0.16. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.02.

Insider Buying and Selling at Gorilla Technology Group

In related news, Director Evan S. Medeiros sold 12,604 shares of Gorilla Technology Group stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $12.16, for a total value of $153,264.64. Following the sale, the director directly owned 20,936 shares in the company, valued at $254,581.76. The trade was 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 link. 30.51% of the stock is currently owned by company insiders.

Institutional Trading of Gorilla Technology Group

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE boosted its stake in shares of Gorilla Technology Group by 60.0% in 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. FNY Investment Advisers LLC purchased a new stake in shares of Gorilla Technology Group in the third quarter valued at approximately $50,000. NewEdge Advisors LLC purchased a new stake in shares of Gorilla Technology Group in the first quarter valued at approximately $61,000. Sunbelt Securities Inc. purchased a new stake in shares of Gorilla Technology Group in the third quarter valued at approximately $90,000. Finally, Vident Advisory LLC acquired a new position in Gorilla Technology Group during the fourth quarter worth $110,000. 1.33% of the stock is currently 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.