Gorilla Technology Group Inc. (NASDAQ:GRRR) Stock Has Average Target Price of $37.25 According to Analysts

Key Points

• Analysts’ consensus is “Moderate Buy”, with three buy, one strong-buy, one hold and one sell rating among six firms; the average 12-month price target is $37.25.
• GRRR traded at $7.41, within its 52-week range of $6.30–$23.49, and below its 50- and 200-day moving averages.
• In its latest reported quarter, Gorilla Technology posted a loss of $0.40 per share, missing the $0.03 consensus estimate, while revenue of $50.13 million exceeded expectations of $38.69 million.

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.25.

A number of brokerages recently weighed in on GRRR. Compass Point initiated coverage on shares of Gorilla Technology Group in a research report on Tuesday, August 18th. They issued a "buy" rating and a $44.00 price target on the stock. B. Riley Financial began coverage on shares of Gorilla Technology Group in a research note on Monday, August 31st. They set a "buy" rating on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Gorilla Technology Group in a report on Thursday, October 15th. Benchmark raised shares of Gorilla Technology Group to a "strong-buy" rating in a research note on Tuesday, September 29th. Finally, Wall Street Zen lowered shares of Gorilla Technology Group from a "sell" rating to a "strong sell" rating in a report on Sunday, August 30th.

Institutional Inflows and Outflows

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

Gorilla Technology Group Trading Up 2.9%

NASDAQ GRRR traded up $0.21 on Friday, reaching $7.41. The company had a trading volume of 1,174,790 shares, compared to its average volume of 1,144,658. Gorilla Technology Group has a 52 week low of $6.30 and a 52 week high of $23.49. The stock's 50 day moving average is $10.70 and its 200-day moving average is $13.06. The company has a quick ratio of 2.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.37. The stock has a market cap of $203.85 million, a price-to-earnings ratio of -13.72 and a beta of 0.50.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last issued its 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 business had revenue of $50.13 million during the quarter, compared to analysts' expectations of $38.69 million. Equities analysts predict that Gorilla Technology Group will post -1.96 earnings per share for the current year.

Gorilla Technology Group Company Profile

Gorilla Technology Group provides artificial intelligence, edge computing, cybersecurity and Internet of Things solutions to public- and private-sector organizations. Its offerings combine software and technology infrastructure to help customers analyze data, monitor operations and manage security. The company's solutions include video analytics and command-and-control systems for smart cities, as well as tools for areas such as traffic management, public safety, retail analytics and enterprise security.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.