Gorilla Technology Group (NASDAQ:GRRR) Upgraded by Zacks Research to Hold Rating

Gorilla Technology Group (NASDAQ:GRRR) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,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 research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $35.50.

Gorilla Technology Group Stock Performance

GRRR stock opened at $13.41 on Tuesday. The firm has a market cap of $351.21 million, a price-to-earnings ratio of 49.67 and a beta of 0.16. The firm has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $12.73. Gorilla Technology Group has a one year low of $9.04 and a one year high of $27.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.33 and a current ratio of 3.33.

Insider Transactions at Gorilla Technology Group

In other Gorilla Technology Group news, Director Evan S. Medeiros sold 12,604 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $12.16, for a total transaction of $153,264.64. Following the transaction, the director directly owned 20,936 shares of the company’s stock, valued at $254,581.76. This trade represents a 37.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 30.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Gorilla Technology Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted 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 valued at $38,000 after purchasing an additional 720 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Gorilla Technology Group by 1.4% during the 3rd 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. NewEdge Advisors LLC purchased a new position in shares of Gorilla Technology Group during the 1st quarter worth $61,000. Cetera Investment Advisers increased its position in shares of Gorilla Technology Group by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 31,303 shares of the company’s stock worth $330,000 after purchasing an additional 2,358 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Gorilla Technology Group during the 3rd quarter worth about $50,000. 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.