Gorilla Technology Group (NASDAQ:GRRR) Raised to Strong-Buy at Benchmark

Gorilla Technology Group (NASDAQ:GRRR) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

GRRR has been the topic of several other reports. Compass Point began coverage on shares of Gorilla Technology Group in a research report on Tuesday, August 18th. They set a “buy” rating and a $44.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a report on Friday, July 17th. Wall Street Zen downgraded Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a research report on Sunday, August 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of Gorilla Technology Group in a report on Thursday, June 4th. Finally, B. Riley Financial started coverage on Gorilla Technology Group in a report on Monday, August 31st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Gorilla Technology Group presently has a consensus rating of “Moderate Buy” and an average target price of $37.25.

Gorilla Technology Group Price Performance

NASDAQ GRRR opened at $13.83 on Tuesday. The company has a quick ratio of 2.91, a current ratio of 2.24 and a debt-to-equity ratio of 0.37. Gorilla Technology Group has a 12-month low of $9.04 and a 12-month high of $23.49. The company has a market capitalization of $380.46 million, a PE ratio of -25.61 and a beta of 0.39. The firm’s 50 day moving average is $13.71 and its 200-day moving average is $14.24.

Gorilla Technology Group (NASDAQ:GRRR) last announced its quarterly earnings data on Monday, August 24th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The firm had revenue of $50.13 million for the quarter, compared to analyst estimates of $38.69 million. Equities research analysts anticipate that Gorilla Technology Group will post -1.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SEB Asset Management AB acquired a new position in shares of Gorilla Technology Group during the 1st quarter worth approximately $161,000. DGS Capital Management LLC acquired a new stake in Gorilla Technology Group during the 1st quarter valued at $170,000. Rathbones Group PLC lifted its holdings in Gorilla Technology Group by 69.9% during the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock valued at $190,000 after purchasing an additional 7,425 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Gorilla Technology Group by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after purchasing an additional 2,358 shares during the last quarter. Finally, Themes Management Co LLC boosted its position in Gorilla Technology Group by 8.0% during the first quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock worth $1,077,000 after purchasing an additional 7,531 shares during the period. 1.33% of the stock is currently owned by institutional investors.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc is a technology company that provides artificial intelligence, computer vision and edge-computing solutions for government and enterprise customers. Its offerings are designed to help organizations analyze video and other data in real time, improve operational efficiency, and support security and automation initiatives.

The company develops solutions for smart cities, including intelligent transportation, public safety, surveillance, traffic management and related urban infrastructure applications.