Wall Street Zen upgraded shares of Gravity (NASDAQ:GRVY - Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.
Gravity Price Performance
Gravity stock traded down $2.11 during trading hours on Friday, hitting $62.35. The company had a trading volume of 16,177 shares, compared to its average volume of 24,204. The firm has a market cap of $433.27 million, a PE ratio of 6.94 and a beta of 1.27. Gravity has a one year low of $53.12 and a one year high of $85.74. The firm has a 50-day moving average of $62.05 and a 200 day moving average of $61.50.
Gravity (NASDAQ:GRVY - Get Free Report) last announced its earnings results on Friday, May 9th. The technology company reported $2.15 earnings per share (EPS) for the quarter. Gravity had a net margin of 14.98% and a return on equity of 34.76%. The firm had revenue of $93.23 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC grew its position in shares of Gravity by 111.5% during the 4th quarter. Signaturefd LLC now owns 423 shares of the technology company's stock worth $27,000 after purchasing an additional 223 shares in the last quarter. WealthCollab LLC boosted its position in shares of Gravity by 91.6% during the 4th quarter. WealthCollab LLC now owns 979 shares of the technology company's stock worth $62,000 after acquiring an additional 468 shares in the last quarter. Boston Partners boosted its position in shares of Gravity by 5.4% during the 1st quarter. Boston Partners now owns 14,525 shares of the technology company's stock worth $879,000 after acquiring an additional 749 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Gravity by 13.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,644 shares of the technology company's stock worth $644,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Apis Capital Advisors LLC boosted its position in shares of Gravity by 7.5% during the 4th quarter. Apis Capital Advisors LLC now owns 20,000 shares of the technology company's stock worth $1,262,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 9.92% of the company's stock.
About Gravity
(
Get Free Report)
Gravity Co, Ltd. develops and publishes online and mobile games worldwide. It offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Landverse. Its mobile games portfolio includes Ragnarok M; Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; Ragnarok Arena; WITH ISLAND; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lost Memories; Sadako M; NBA: Rise To Stardom; Milkmaid Of The Milky Way; Generation Zombie; Ragnarok Idle Adventure; Ragnarok 20 Heroes; White Chord; WITH: Whale In The High; Ragnarok Lost Memories; and Paladog Tactics.
Further Reading
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