Gorilla Technology Group (NASDAQ:GRRR) Stock Sees Heavy Put Option Buying

Key Points

• Unusual options activity: Traders purchased 10,170 put options on Gorilla Technology Group, about 119% above its average put volume of 4,637 contracts.
• Analyst outlook is mixed: Ratings range from Strong Buy to Strong Sell, though the overall consensus is “Moderate Buy” with a $37.25 price target.
• Shares remain under pressure: GRRR traded at $8.27, well below its 50-day and 200-day moving averages, while its latest quarterly loss of $0.40 per share missed estimates despite revenue exceeding expectations.

Gorilla Technology Group Inc. (NASDAQ:GRRR - Get Free Report) was the target of some unusual options trading activity on Friday. Stock traders purchased 10,170 put options on the stock. This represents an increase of approximately 119% compared to the average volume of 4,637 put options.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRRR. B. Riley Financial assumed coverage on shares of Gorilla Technology Group in a research note on Monday, August 31st. They set a "buy" rating on the stock. Benchmark raised shares of 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 report on Thursday, October 15th. Wall Street Zen cut shares of Gorilla Technology Group from a "sell" rating to a "strong sell" rating in a research report on Sunday, August 30th. Finally, Compass Point assumed coverage on Gorilla Technology Group in a research note on Tuesday, August 18th. They issued a "buy" rating and a $44.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.25.

Institutional Investors Weigh In On Gorilla Technology Group

Several hedge funds have recently bought and sold shares of GRRR. Rathbones Group PLC boosted its holdings in shares of Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company's stock worth $190,000 after purchasing an additional 7,425 shares in the last quarter. Royal Bank of Canada lifted its holdings in 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 buying an additional 101,551 shares during the period. Themes Management Co LLC raised its stake in Gorilla Technology Group by 8.0% in the first quarter. Themes Management Co LLC now owns 102,240 shares of the company's stock worth $1,077,000 after buying an additional 7,531 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Gorilla Technology Group by 8.1% in the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company's stock worth $330,000 after acquiring an additional 2,358 shares in the last quarter. Finally, SEB Asset Management AB bought a new stake in shares of Gorilla Technology Group in the 1st quarter worth approximately $161,000. 1.33% of the stock is currently owned by institutional investors.

Gorilla Technology Group Stock Performance

Gorilla Technology Group stock traded up $0.13 during mid-day trading on Friday, reaching $8.27. 289,844 shares of the company's stock were exchanged, compared to its average volume of 1,041,541. 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 firm has a market capitalization of $227.43 million, a PE ratio of -15.32 and a beta of 0.41. The business's fifty day simple moving average is $12.92 and its 200 day simple moving average is $14.17. Gorilla Technology Group has a one year low of $7.00 and a one year high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR - Get Free Report) last released 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 analyst estimates of $38.69 million. On average, sell-side analysts expect that Gorilla Technology Group will post -1.96 earnings per share for the current year.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc is a technology company that develops artificial intelligence, video analytics and edge-computing solutions for smart cities, public safety, enterprise security and other applications. Its platforms are designed to help organizations analyze video and other data in real time, supporting situational awareness, operational efficiency and automated decision-making.

The company's offerings include intelligent video management and analytics, facial and object recognition, traffic and transportation monitoring, smart retail tools, security convergence and Internet of Things solutions.

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