Gorilla Technology Group (NASDAQ:GRRR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Gorilla Technology Group (NASDAQ:GRRR) from a hold rating to a sell rating in a research report report published on Saturday.

Several other equities research analysts have also recently commented on the company. Compass Point began coverage on Gorilla Technology Group in a research note on Tuesday. They issued a “buy” rating and a $44.00 target price for the company. Zacks Research upgraded Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price target on shares of Gorilla Technology Group in a report on Thursday, June 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Gorilla Technology Group currently has an average rating of “Hold” and an average price target of $41.33.

Gorilla Technology Group Price Performance

GRRR opened at $16.06 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market capitalization of $441.81 million, a P/E ratio of 178.44 and a beta of 0.34. The company’s 50 day simple moving average is $15.11 and its 200-day simple moving average is $13.81. Gorilla Technology Group has a one year low of $9.04 and a one year high of $23.49.

Gorilla Technology Group (NASDAQ:GRRR) last posted 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 company had revenue of $28.23 million for the quarter, compared to analysts’ expectations of $26.01 million. Sell-side analysts anticipate that Gorilla Technology Group will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of Gorilla Technology Group

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Gorilla Technology Group by 60.0% in the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock valued at $38,000 after purchasing an additional 720 shares during the period. NewEdge Advisors LLC bought a new position in shares of Gorilla Technology Group in the 1st quarter worth $61,000. Sunbelt Securities Inc. acquired a new stake in shares of Gorilla Technology Group during the third quarter worth $90,000. Vident Advisory LLC acquired a new stake in shares of Gorilla Technology Group during the fourth quarter worth $110,000. Finally, SEB Asset Management AB bought a new stake in Gorilla Technology Group in the first quarter valued at about $161,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Gorilla Technology Group Company Profile

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.