Gravity (NASDAQ:GRVY) Raised to Buy at Wall Street Zen

Gravity (NASDAQ:GRVY) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Gravity Price Performance

Shares of Gravity stock opened at $62.35 on Friday. The firm has a 50 day simple moving average of $62.05 and a 200 day simple moving average of $61.44. Gravity has a fifty-two week low of $53.12 and a fifty-two week high of $85.74. The firm has a market cap of $433.27 million, a P/E ratio of 6.94 and a beta of 1.27.

Gravity (NASDAQ:GRVY) last announced its quarterly earnings data on Friday, May 9th. The technology company reported $2.15 EPS for the quarter. The firm had revenue of $93.23 million for the quarter. Gravity had a return on equity of 34.76% and a net margin of 14.98%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes 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 buying an additional 223 shares during the period. WealthCollab LLC boosted its stake in Gravity by 91.6% in the fourth quarter. WealthCollab LLC now owns 979 shares of the technology company’s stock valued at $62,000 after acquiring an additional 468 shares during the last quarter. Boston Partners grew its holdings in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 during the period. Finally, Apis Capital Advisors LLC raised 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 valued at $1,262,000 after acquiring an additional 1,400 shares during the last quarter. 9.92% of the stock is currently owned by institutional investors and hedge funds.

Gravity Company Profile

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.