Gorilla Technology Group (NASDAQ:GRRR) Rating Lowered to “Strong Sell” at Zacks Research

Gorilla Technology Group (NASDAQ:GRRR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Separately, Northland Securities set a $40.00 price objective on shares of Gorilla Technology Group in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Gorilla Technology Group presently has an average rating of “Hold” and a consensus price target of $35.50.

Gorilla Technology Group Stock Performance

Shares of Gorilla Technology Group stock traded down $0.32 during trading hours on Monday, hitting $13.63. 313,335 shares of the company’s stock traded hands, compared to its average volume of 728,035. The stock has a market capitalization of $274.53 million, a price-to-earnings ratio of 50.73 and a beta of -0.14. Gorilla Technology Group has a 12-month low of $9.04 and a 12-month high of $27.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.33 and a quick ratio of 3.33. The company has a fifty day simple moving average of $11.50 and a 200-day simple moving average of $13.24.

Insider Buying and Selling at Gorilla Technology Group

In other news, Director Evan S. Medeiros sold 12,604 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $12.16, for a total transaction of $153,264.64. Following the completion of the transaction, the director owned 20,936 shares in the company, valued at approximately $254,581.76. This represents a 37.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Gorilla Technology Group

Several institutional investors have recently added to or reduced their stakes in GRRR. Vident Advisory LLC purchased a new position in shares of Gorilla Technology Group in the fourth quarter worth about $110,000. Sunbelt Securities Inc. purchased a new stake in shares of Gorilla Technology Group during the 3rd quarter valued at approximately $90,000. NewEdge Advisors LLC bought a new position in Gorilla Technology Group in the 1st quarter worth approximately $61,000. Bank of America Corp DE boosted its holdings in Gorilla Technology Group by 60.0% in the 2nd quarter. Bank of America Corp DE now owns 1,920 shares of the company’s stock worth $38,000 after buying an additional 720 shares during the period. Finally, Themes Management Co LLC purchased a new position in Gorilla Technology Group in the 4th quarter valued at approximately $1,034,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

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.