Gorilla Technology Group (NASDAQ:GRRR – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Several other equities research analysts have also issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of Gorilla Technology Group in a research note on Thursday, June 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Gorilla Technology Group in a research note on Friday, July 17th. Zacks Research raised Gorilla Technology Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Compass Point started coverage on Gorilla Technology Group in a research report on Tuesday, August 18th. They set a “buy” rating and a $44.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.33.
Read Our Latest Stock Analysis on GRRR
Gorilla Technology Group Stock Performance
Gorilla Technology Group (NASDAQ:GRRR – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.29). The firm had revenue of $28.23 million for the quarter, compared to analysts’ expectations of $26.01 million. Analysts predict that Gorilla Technology Group will post 0.97 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Gorilla Technology Group by 60.0% during the second quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock valued at $38,000 after purchasing an additional 720 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Gorilla Technology Group during the 1st quarter valued at about $61,000. Sunbelt Securities Inc. bought a new position in shares of Gorilla Technology Group during the 3rd quarter valued at about $90,000. Vident Advisory LLC purchased a new position in shares of Gorilla Technology Group during the 4th quarter valued at about $110,000. Finally, SEB Asset Management AB purchased a new position in shares of Gorilla Technology Group during the 1st quarter valued at about $161,000. Institutional investors own 1.33% of the company’s stock.
About Gorilla Technology Group
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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