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

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

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

Gorilla Technology Group Stock Up 4.9%

Shares of Gorilla Technology Group stock opened at $13.41 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.33 and a quick ratio of 3.33. The company has a 50-day moving average of $12.24 and a 200 day moving average of $12.73. The firm has a market cap of $351.21 million, a price-to-earnings ratio of 49.67 and a beta of 0.16. Gorilla Technology Group has a 1 year low of $9.04 and a 1 year high of $27.90.

Insider Buying and Selling

In other Gorilla Technology Group news, Director Evan S. Medeiros sold 12,604 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $12.16, for a total transaction of $153,264.64. Following the sale, the director owned 20,936 shares in the company, valued at approximately $254,581.76. This trade represents a 37.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 30.51% of the company’s stock.

Institutional Investors Weigh In On Gorilla Technology Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRRR. NewEdge Advisors LLC bought a new stake in Gorilla Technology Group during the 1st quarter worth approximately $61,000. Goldman Sachs Group Inc. bought a new stake in Gorilla Technology Group in the first quarter worth $477,000. Geode Capital Management LLC bought a new stake in Gorilla Technology Group in the second quarter worth $251,000. Cetera Investment Advisers increased its position in Gorilla Technology Group by 28.4% in the second quarter. Cetera Investment Advisers now owns 20,622 shares of the company’s stock worth $410,000 after purchasing an additional 4,557 shares during the last quarter. Finally, Raymond James Financial Inc. boosted 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 worth $352,000 after buying an additional 3,168 shares during the period. 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.