Gorilla Technology Group (NASDAQ:GRRR) Stock Rating Upgraded by Compass Point

Key Points

• Compass Point upgraded Gorilla Technology Group to “strong buy,” while analysts’ overall consensus remains “Moderate Buy” with a $41.33 target price.
• Gorilla opened at $15.20, with a market capitalization of approximately $418 million; its shares have traded between $9.04 and $23.49 over the past year.
• The company reported a quarterly loss of $0.18 per share, missing estimates by $0.29, although revenue of $28.23 million exceeded analyst expectations of $26.01 million. Institutional investors own just 1.33% of the stock.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) was upgraded by research analysts at Compass Point to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on the company. Zacks Research upgraded Gorilla Technology Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 19th. Cantor Fitzgerald restated an "overweight" rating and set a $40.00 target price on shares of Gorilla Technology Group in a research note on Thursday, June 4th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Gorilla Technology Group in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.33.

Gorilla Technology Group Stock Performance

NASDAQ:GRRR opened at $15.20 on Tuesday. The firm has a market capitalization of $418.15 million, a PE ratio of 168.89 and a beta of 0.34. Gorilla Technology Group has a 1 year low of $9.04 and a 1 year high of $23.49. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. The firm's fifty day simple moving average is $15.22 and its 200 day simple moving average is $13.79.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released its earnings results on Wednesday, May 27th. The company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.29). The business had revenue of $28.23 million for the quarter, compared to analysts' expectations of $26.01 million. On average, sell-side analysts anticipate that Gorilla Technology Group will post 0.97 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its position in shares of Gorilla Technology Group by 60.0% during the second quarter. Bank of America Corp DE now owns 1,920 shares of the company's stock valued at $38,000 after buying an additional 720 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Gorilla Technology Group in the first quarter valued at about $61,000. Sunbelt Securities Inc. acquired a new stake in Gorilla Technology Group during the third quarter worth about $90,000. Vident Advisory LLC acquired a new stake in Gorilla Technology Group during the fourth quarter worth about $110,000. Finally, SEB Asset Management AB bought a new position in Gorilla Technology Group during the first quarter valued at about $161,000. 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.

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.