Northland Capmk Brokers Lift Earnings Estimates for Gorilla Technology Group Inc. (NASDAQ:GRRR)

Gorilla Technology Group Inc. (NASDAQ:GRRR) – Stock analysts at Northland Capmk raised their Q2 2024 earnings per share estimates for shares of Gorilla Technology Group in a research note issued to investors on Wednesday, September 25th. Northland Capmk analyst M. Latimore now forecasts that the company will post earnings of ($0.46) per share for the quarter, up from their prior forecast of ($0.70). The consensus estimate for Gorilla Technology Group’s current full-year earnings is ($1.80) per share. Northland Capmk also issued estimates for Gorilla Technology Group’s Q3 2024 earnings at ($0.23) EPS, Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at ($1.35) EPS, Q1 2025 earnings at ($0.48) EPS, Q2 2025 earnings at ($0.38) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at ($0.93) EPS.

Separately, Northland Securities upped their target price on shares of Gorilla Technology Group from $7.00 to $9.00 and gave the stock an “outperform” rating in a research report on Wednesday.

Gorilla Technology Group Price Performance

GRRR stock opened at $3.99 on Friday. The firm has a 50-day moving average of $2.99 and a 200 day moving average of $4.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.43 and a quick ratio of 1.43. Gorilla Technology Group has a 1 year low of $2.09 and a 1 year high of $13.00.

Institutional Investors Weigh In On Gorilla Technology Group

An institutional investor recently bought a new position in Gorilla Technology Group stock. Highbridge Capital Management LLC purchased a new stake in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 173,289 shares of the company’s stock, valued at approximately $480,000. Highbridge Capital Management LLC owned 1.93% of Gorilla Technology Group as of its most recent SEC filing. 1.33% of the stock is owned by hedge funds and other institutional investors.

About Gorilla Technology Group

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.