Gorilla Technology Group Inc. (NASDAQ:GRRR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a consensus “Hold” rating on Gorilla Technology Group, with three buys, one hold and one sell among five covering firms. The average 12-month price target is $37.25, with individual targets ranging from $25 to $44.
• Gorilla shares rose 3.2% to $14.87, compared with a 12-month range of $9.04 to $23.49. Institutional investors own a relatively small 1.33% stake in the company.
• The company reported quarterly revenue of $50.13 million, exceeding expectations of $38.69 million, but posted an adjusted loss of $0.40 per share versus the anticipated $0.03 profit.

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) has earned a consensus rating of "Hold" from the five research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.25.

Several research analysts recently weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $40.00 price target on shares of Gorilla Technology Group in a research report on Thursday, June 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Compass Point initiated coverage on Gorilla Technology Group in a research note on Tuesday, August 18th. They set a "buy" rating and a $44.00 target price on the stock. B. Riley Financial started coverage on Gorilla Technology Group in a report on Monday. They issued a "buy" rating and a $25.00 target price on the stock. Finally, Wall Street Zen cut shares of Gorilla Technology Group from a "sell" rating to a "strong sell" rating in a report on Sunday.

Institutional Investors Weigh In On Gorilla Technology Group

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased 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 worth $38,000 after acquiring an additional 720 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Gorilla Technology Group in the first quarter valued at about $61,000. Sunbelt Securities Inc. acquired a new position in Gorilla Technology Group in the 3rd quarter worth about $90,000. Vident Advisory LLC acquired a new position in Gorilla Technology Group in the 4th quarter worth about $110,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Gorilla Technology Group during the 2nd quarter worth about $251,000. Institutional investors and hedge funds own 1.33% of the company's stock.

Gorilla Technology Group Trading Up 3.2%

Shares of NASDAQ:GRRR traded up $0.46 during mid-day trading on Monday, hitting $14.87. The stock had a trading volume of 165,551 shares, compared to its average volume of 1,074,302. The company's 50 day moving average is $14.91 and its 200-day moving average is $13.93. Gorilla Technology Group has a 12-month low of $9.04 and a 12-month high of $23.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.91 and a current ratio of 2.24. The company has a market cap of $409.07 million, a PE ratio of 165.67 and a beta of 0.34.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last posted its quarterly earnings data on Monday, August 24th. The company reported ($0.40) earnings per share 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 analysts' expectations of $38.69 million. On average, sell-side analysts predict that Gorilla Technology Group will post -1.01 EPS for the current year.

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.

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