Gorilla Technology Group Inc. (NASDAQ:GRRR) Stock Has Consensus Price Target of $37.25

Shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.25.

GRRR has been the topic of several research analyst 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 target price on the stock. B. Riley Financial assumed coverage on shares of Gorilla Technology Group in a report on Monday, August 31st. They issued a “buy” rating for the company. Benchmark upgraded shares of Gorilla Technology Group to a “strong-buy” rating in a research note on Tuesday, September 29th. Wall Street Zen downgraded shares of Gorilla Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday, August 30th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a report on Thursday.

Gorilla Technology Group Stock Down 4.0%

Gorilla Technology Group stock opened at $7.47 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.24 and a quick ratio of 2.91. Gorilla Technology Group has a 1-year low of $7.24 and a 1-year high of $23.49. The company has a market cap of $205.50 million, a PE ratio of -13.83 and a beta of 0.41. The stock’s 50 day moving average price is $13.32 and its 200 day moving average price is $14.23.

Gorilla Technology Group (NASDAQ:GRRR) last announced its quarterly earnings data on Monday, August 24th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.43). The company had revenue of $50.13 million during the quarter, compared to analysts’ expectations of $38.69 million. On average, sell-side analysts predict that Gorilla Technology Group will post -1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Gorilla Technology Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Gorilla Technology Group by 58.1% during the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock worth $2,909,000 after acquiring an additional 101,551 shares in the last quarter. Themes Management Co LLC grew its holdings in shares of Gorilla Technology Group by 8.0% in the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock worth $1,077,000 after acquiring an additional 7,531 shares during the period. Cetera Investment Advisers increased its stake in Gorilla Technology Group by 8.1% in 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 in the last quarter. Rathbones Group PLC increased its stake in Gorilla Technology Group by 69.9% in 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 in the last quarter. Finally, DGS Capital Management LLC acquired a new position in Gorilla Technology Group during the first quarter worth $170,000. 1.33% of the stock is currently owned by institutional investors and hedge funds.

About Gorilla Technology Group

Gorilla Technology Group Inc (NASDAQ:GRRR) is a technology company that develops artificial intelligence, edge computing, and video analytics solutions for governments, enterprises, and other organizations. Its offerings are designed to help customers analyze video and other data in real time, automate operations, and improve security and decision-making.

The company’s technology supports smart-city and smart-country initiatives, including intelligent transportation, public safety, surveillance, and critical-infrastructure monitoring.