Gorilla Technology Group (NASDAQ:GRRR) Announces Earnings Results

Gorilla Technology Group (NASDAQ:GRRR) announced its quarterly earnings results on Monday. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02), Zacks reports. The firm had revenue of $26.48 million during the quarter, compared to analyst estimates of $26.50 million. Gorilla Technology Group updated its FY 2025 guidance to EPS and its FY 2026 guidance to EPS.

Gorilla Technology Group Stock Performance

GRRR traded up $0.83 during trading on Wednesday, hitting $14.64. The stock had a trading volume of 586,427 shares, compared to its average volume of 2,436,439. The firm has a market cap of $294.85 million, a PE ratio of 488.23 and a beta of -0.28. The company has a current ratio of 2.16, a quick ratio of 2.48 and a debt-to-equity ratio of 0.05. Gorilla Technology Group has a 12 month low of $3.71 and a 12 month high of $44.15. The company has a 50 day simple moving average of $17.29 and a 200-day simple moving average of $18.00.

Hedge Funds Weigh In On Gorilla Technology Group

Large investors have recently made changes to their positions in the business. UBS Group AG increased its position in Gorilla Technology Group by 576.8% in the 3rd quarter. UBS Group AG now owns 205,867 shares of the company’s stock worth $3,800,000 after buying an additional 175,448 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Gorilla Technology Group in the third quarter worth $1,500,000. Legal & General Group Plc increased its position in Gorilla Technology Group by 1.4% during the third quarter. Legal & General Group Plc now owns 72,077 shares of the company’s stock worth $1,331,000 after acquiring an additional 1,013 shares during the period. Squarepoint Ops LLC acquired a new position in Gorilla Technology Group during the 3rd quarter valued at $572,000. Finally, Cetera Investment Advisers boosted its holdings in Gorilla Technology Group by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 20,622 shares of the company’s stock valued at $410,000 after purchasing an additional 4,557 shares during the period. Institutional investors and hedge funds own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

GRRR has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Thursday, November 13th. Zacks Research lowered shares of Gorilla Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $18.00.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.