Gorilla Technology Group (NASDAQ:GRRR) Releases Earnings Results, Misses Expectations By $0.28 EPS

Gorilla Technology Group (NASDAQ:GRRR) issued its quarterly earnings results on Monday. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28), FiscalAI reports. The firm had revenue of $50.13 million for the quarter, compared to the consensus estimate of $38.69 million.

Gorilla Technology Group Stock Down 1.4%

Shares of GRRR traded down $0.23 on Monday, reaching $15.83. The company’s stock had a trading volume of 1,209,393 shares, compared to its average volume of 1,060,604. The stock has a market capitalization of $435.48 million, a PE ratio of 175.89 and a beta of 0.34. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.03. Gorilla Technology Group has a twelve month low of $9.04 and a twelve month high of $23.49. The firm has a fifty day moving average of $15.11 and a 200-day moving average of $13.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG grew its holdings in Gorilla Technology Group by 576.8% during the 3rd quarter. UBS Group AG now owns 205,867 shares of the company’s stock valued at $3,800,000 after buying an additional 175,448 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Gorilla Technology Group in the third quarter valued at approximately $1,500,000. Royal Bank of Canada boosted its position in shares of Gorilla Technology Group by 74.6% in the fourth quarter. Royal Bank of Canada now owns 174,693 shares of the company’s stock valued at $1,907,000 after acquiring an additional 74,648 shares during the period. Osaic Holdings Inc. increased its holdings in Gorilla Technology Group by 54.9% during the 4th quarter. Osaic Holdings Inc. now owns 157,673 shares of the company’s stock worth $1,722,000 after acquiring an additional 55,875 shares during the period. Finally, Engineers Gate Manager LP purchased a new stake in Gorilla Technology Group in the 4th quarter worth approximately $392,000. Institutional investors own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GRRR. Zacks Research raised Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Wall Street Zen downgraded Gorilla Technology Group from a “hold” rating to a “sell” rating in a report on Saturday. Compass Point initiated 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 objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Gorilla Technology Group in a research note on Thursday, June 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gorilla Technology Group presently has a consensus rating of “Hold” and a consensus target price of $41.33.

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.