Gorilla Technology Group Inc. (NASDAQ:GRRR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Gorilla Technology Group Inc. (NASDAQ:GRRR) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $37.25.

GRRR has been the topic of several analyst reports. B. Riley Financial assumed coverage on shares of Gorilla Technology Group in a research note on Monday, August 31st. They issued a “buy” rating on the stock. Compass Point assumed coverage on shares of Gorilla Technology Group in a research note on Tuesday, August 18th. They issued a “buy” rating and a $44.00 price objective on the stock. Benchmark upgraded Gorilla Technology Group to a “strong-buy” rating in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price target on shares of Gorilla Technology Group in a report on Thursday, June 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Friday, July 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in Gorilla Technology Group by 58.1% during the first quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock valued at $2,909,000 after purchasing an additional 101,551 shares in the last quarter. Rathbones Group PLC grew its stake in shares of Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock worth $190,000 after buying an additional 7,425 shares in the last quarter. Themes Management Co LLC grew its stake in shares of Gorilla Technology Group by 8.0% in the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock worth $1,077,000 after buying an additional 7,531 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Gorilla Technology Group by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock worth $330,000 after buying an additional 2,358 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of Gorilla Technology Group in the 1st quarter worth about $161,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

Gorilla Technology Group Stock Down 2.0%

Shares of Gorilla Technology Group stock opened at $13.58 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.91 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $13.73 and its two-hundred day simple moving average is $14.26. The company has a market cap of $373.59 million, a P/E ratio of -25.15 and a beta of 0.41. Gorilla Technology Group has a 12-month low of $9.04 and a 12-month high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR) last issued its quarterly earnings data on Monday, August 24th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.43). The business had revenue of $50.13 million for the quarter, compared to analyst estimates of $38.69 million. Research analysts anticipate that Gorilla Technology Group will post -1.86 EPS for the current year.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc is a technology company that provides artificial intelligence, computer vision and edge-computing solutions for government and enterprise customers. Its offerings are designed to help organizations analyze video and other data in real time, improve operational efficiency, and support security and automation initiatives.

The company develops solutions for smart cities, including intelligent transportation, public safety, surveillance, traffic management and related urban infrastructure applications.