Gorilla Technology Group (NASDAQ:GRRR – Get Free Report) was upgraded by Compass Point to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
Other analysts have also issued reports about the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of Gorilla Technology Group in a research report on Thursday, June 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Gorilla Technology Group in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Gorilla Technology Group has an average rating of “Moderate Buy” and a consensus target price of $41.33.
Get Our Latest Stock Analysis on Gorilla Technology Group
Gorilla Technology Group Stock Up 1.7%
Gorilla Technology Group (NASDAQ:GRRR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.29). The business had revenue of $28.23 million for the quarter, compared to analysts’ expectations of $26.01 million. On average, analysts anticipate that Gorilla Technology Group will post 0.97 EPS for the current year.
Institutional Investors Weigh In On Gorilla Technology Group
Institutional investors and hedge funds have recently made changes to their positions in the company. Rathbones Group PLC grew its holdings in shares of Gorilla Technology Group by 69.9% in the 1st quarter. Rathbones Group PLC now owns 18,050 shares of the company’s stock worth $190,000 after purchasing an additional 7,425 shares during the last quarter. Royal Bank of Canada lifted its holdings in Gorilla Technology Group by 58.1% during the 1st quarter. Royal Bank of Canada now owns 276,244 shares of the company’s stock valued at $2,909,000 after purchasing an additional 101,551 shares during the last quarter. Themes Management Co LLC lifted its holdings in Gorilla Technology Group by 8.0% during the 1st quarter. Themes Management Co LLC now owns 102,240 shares of the company’s stock valued at $1,077,000 after purchasing an additional 7,531 shares during the last quarter. Cetera Investment Advisers boosted its position in Gorilla Technology Group by 8.1% in the first quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock valued at $330,000 after buying an additional 2,358 shares in the last quarter. Finally, SEB Asset Management AB acquired a new position in Gorilla Technology Group in the first quarter valued at about $161,000. Institutional investors and hedge funds own 1.33% of the company’s stock.
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.
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