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

Key Points

• Gorilla Technology Group has a “Moderate Buy” consensus rating from six analysts, with an average 12-month price target of $37.25 versus the stock’s $7.47 opening price.
• Analyst views are mixed, ranging from strong sell and sell ratings to buy and strong buy recommendations; Compass Point set a $44 target, while Benchmark upgraded the stock to strong buy.
• The company reported a quarterly loss of $0.40 per share, missing the $0.03 consensus estimate, although revenue of $50.13 million exceeded expectations of $38.69 million.

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

Several research firms have commented on GRRR. Wall Street Zen downgraded Gorilla Technology Group from a "sell" rating to a "strong sell" rating in a research note on Sunday, August 30th. Benchmark upgraded Gorilla Technology Group to a "strong-buy" rating in a research note on Tuesday, September 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Gorilla Technology Group in a research note on Thursday. Compass Point assumed coverage on Gorilla Technology Group in a report on Tuesday, August 18th. They issued a "buy" rating and a $44.00 target price on the stock. Finally, B. Riley Financial started coverage on Gorilla Technology Group in a research note on Monday, August 31st. They set a "buy" rating for the company.

Gorilla Technology Group Trading Down 4.0%

NASDAQ GRRR opened at $7.47 on Tuesday. The firm's fifty day moving average is $13.32 and its two-hundred day moving average is $14.23. Gorilla Technology Group has a one year low of $7.24 and a one year 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 firm has a market cap of $205.50 million, a PE ratio of -13.83 and a beta of 0.41.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last announced its earnings results 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 firm had revenue of $50.13 million for the quarter, compared to analyst estimates of $38.69 million. Analysts expect that Gorilla Technology Group will post -1.96 earnings per share for the current year.

Hedge Funds Weigh In On Gorilla Technology Group

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake 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 during the period. Themes Management Co LLC boosted its holdings in shares of Gorilla Technology Group by 8.0% in the first quarter. Themes Management Co LLC now owns 102,240 shares of the company's stock valued at $1,077,000 after acquiring an additional 7,531 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Gorilla Technology Group by 8.1% in the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company's stock valued at $330,000 after acquiring an additional 2,358 shares in the last quarter. Rathbones Group PLC increased its stake in shares of Gorilla Technology Group by 69.9% during the first quarter. Rathbones Group PLC now owns 18,050 shares of the company's stock worth $190,000 after acquiring an additional 7,425 shares during the period. Finally, DGS Capital Management LLC acquired a new position in shares of Gorilla Technology Group during the first quarter worth about $170,000. 1.33% of the stock is owned by institutional investors and hedge funds.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc NASDAQ: GRRR is a technology company that develops artificial intelligence, edge computing, and video analytics solutions for governments, enterprises, and other organizations. Its offerings are designed to help customers analyze video and other data in real time, automate operations, and improve security and decision-making.

The company's technology supports smart-city and smart-country initiatives, including intelligent transportation, public safety, surveillance, and critical-infrastructure monitoring.

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.