Gorilla Technology Group (NASDAQ:GRRR) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Gorilla Technology Group from “hold” to “sell,” although analyst sentiment remains mixed with a consensus “hold” rating and a $41.33 price target.
• GRRR shares rose 5.3% to open at $16.06, while the company reported a quarterly EPS loss of $0.18 that missed estimates despite revenue of $28.23 million exceeding expectations.
• Institutional ownership remains limited at 1.33%, even as several investors—including UBS, Royal Bank of Canada and Oppenheimer—recently increased their positions.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

GRRR has been the topic of a number of other research reports. Compass Point started coverage on shares of Gorilla Technology Group in a research note on Tuesday. They issued a "buy" rating and a $44.00 price target on the stock. Cantor Fitzgerald reissued an "overweight" rating and set a $40.00 price objective on shares of Gorilla Technology Group in a research report on Thursday, June 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Gorilla Technology Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Gorilla Technology Group has a consensus rating of "Hold" and a consensus price target of $41.33.

Gorilla Technology Group Stock Up 5.3%

Shares of Gorilla Technology Group stock opened at $16.06 on Friday. Gorilla Technology Group has a 1 year low of $9.04 and a 1 year high of $23.49. The business has a 50-day moving average of $15.11 and a two-hundred day moving average of $13.81. The company has a market capitalization of $441.81 million, a P/E ratio of 178.44 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 - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.29). The firm had revenue of $28.23 million during the quarter, compared to analyst estimates of $26.01 million. As a group, equities analysts predict that Gorilla Technology Group will post 0.97 EPS for the current year.

Institutional Investors Weigh In On Gorilla Technology Group

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised 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 valued at $2,909,000 after purchasing an additional 101,551 shares during the last quarter. UBS Group AG lifted its position in shares of Gorilla Technology Group by 191.6% in the fourth quarter. UBS Group AG now owns 600,310 shares of the company's stock worth $6,555,000 after purchasing an additional 394,443 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Gorilla Technology Group by 82.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 122,456 shares of the company's stock worth $1,337,000 after purchasing an additional 55,155 shares during the last quarter. Themes Management Co LLC bought a new position in Gorilla Technology Group in the fourth quarter valued at $1,034,000. Finally, Geode Capital Management LLC bought a new position in Gorilla Technology Group in the second quarter valued at $251,000. Institutional investors own 1.33% of the company's stock.

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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