Gorilla Technology Group (NASDAQ:GRRR) Rating Increased to Strong-Buy at Compass Point

Compass Point upgraded shares of Gorilla Technology Group (NASDAQ:GRRR) to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other analysts have also issued reports on the company. Zacks Research upgraded Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a report on Friday, July 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 target price on shares of Gorilla Technology Group in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

Gorilla Technology Group Trading Up 1.7%

Shares of GRRR opened at $15.20 on Tuesday. Gorilla Technology Group has a 1-year low of $9.04 and a 1-year high of $23.49. The company has a 50-day moving average of $15.22 and a 200 day moving average of $13.79. The firm has a market capitalization of $418.15 million, a price-to-earnings ratio of 168.89 and a beta of 0.34. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.91 and a quick ratio of 2.91.

Gorilla Technology Group (NASDAQ:GRRR) last released its quarterly earnings data on Wednesday, May 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.29). The business had revenue of $28.23 million for the quarter, compared to the consensus estimate of $26.01 million. On average, research analysts expect that Gorilla Technology Group will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Gorilla Technology Group

Several hedge funds have recently modified their holdings of GRRR. UBS Group AG boosted its position in Gorilla Technology Group by 191.6% during the 4th quarter. UBS Group AG now owns 600,310 shares of the company’s stock valued at $6,555,000 after acquiring an additional 394,443 shares in the last quarter. Royal Bank of Canada raised its position in shares of Gorilla Technology Group by 58.1% in the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock worth $2,909,000 after acquiring an additional 101,551 shares in the last quarter. Themes Management Co LLC purchased a new stake in shares of Gorilla Technology Group during the 4th quarter worth $1,034,000. Capital Fund Management S.A. purchased a new stake in shares of Gorilla Technology Group during the 3rd quarter worth $1,500,000. Finally, Osaic Holdings Inc. boosted its position in Gorilla Technology Group by 54.9% during the fourth quarter. Osaic Holdings Inc. now owns 157,673 shares of the company’s stock valued at $1,722,000 after purchasing an additional 55,875 shares in the last quarter. Hedge funds and other 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.