Benchmark Upgrades Gorilla Technology Group (NASDAQ:GRRR) to Strong-Buy

Gorilla Technology Group (NASDAQ:GRRR) was upgraded by research analysts at Benchmark to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Several other equities research analysts also recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of Gorilla Technology Group in a report on Thursday, June 4th. B. Riley Financial initiated coverage on shares of Gorilla Technology Group in a report on Monday, August 31st. They issued a “buy” rating on the stock. Wall Street Zen downgraded shares of Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Friday, July 17th. Finally, Compass Point initiated coverage on shares of Gorilla Technology Group in a research report on Tuesday, August 18th. They set a “buy” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Gorilla Technology Group currently has an average rating of “Moderate Buy” and an average price target of $37.25.

Gorilla Technology Group Stock Down 0.1%

Gorilla Technology Group stock opened at $13.83 on Tuesday. The company has a market capitalization of $380.46 million, a P/E ratio of -25.61 and a beta of 0.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.91 and a current ratio of 2.24. Gorilla Technology Group has a fifty-two week low of $9.04 and a fifty-two week high of $23.49. The stock has a 50-day simple moving average of $13.71 and a 200-day simple moving average of $14.24.

Gorilla Technology Group (NASDAQ:GRRR) last released its quarterly earnings results on Monday, August 24th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The company had revenue of $50.13 million during the quarter, compared to analysts’ expectations of $38.69 million. Equities research analysts expect that Gorilla Technology Group will post -1.86 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. SEB Asset Management AB acquired a new position in shares of Gorilla Technology Group in the first quarter valued at approximately $161,000. DGS Capital Management LLC acquired a new stake in shares of Gorilla Technology Group during the first quarter worth $170,000. Rathbones Group PLC grew its position in Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock valued at $190,000 after buying an additional 7,425 shares during the last quarter. Cetera Investment Advisers increased its stake in Gorilla Technology Group by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after buying an additional 2,358 shares during the period. Finally, Themes Management Co LLC increased its stake in Gorilla Technology Group by 8.0% in the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock valued at $1,077,000 after buying an additional 7,531 shares during the period. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

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.