Gravity (GRVY) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Gravity (NASDAQ:GRVY) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday morning.

Separately, ValuEngine upgraded shares of Gravity from a hold rating to a buy rating in a research note on Thursday, May 3rd.

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GRVY stock opened at $82.20 on Tuesday. Gravity has a one year low of $13.18 and a one year high of $108.97. The firm has a market capitalization of $276.91 million, a PE ratio of 19.83 and a beta of 0.10.

Gravity (NASDAQ:GRVY) last released its earnings results on Friday, April 27th. The technology company reported $0.96 EPS for the quarter. Gravity had a net margin of 7.97% and a return on equity of 39.73%. The company had revenue of $62.50 million during the quarter.

Hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. acquired a new stake in shares of Gravity in the 4th quarter worth $177,000. Advisor Group Inc. acquired a new stake in shares of Gravity in the 4th quarter worth $208,000. Atria Investments LLC acquired a new stake in shares of Gravity in the 1st quarter worth $233,000. Millennium Management LLC acquired a new stake in shares of Gravity in the 4th quarter worth $319,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Gravity in the 1st quarter worth $352,000. Institutional investors own 12.45% of the company’s stock.

Gravity Company Profile

Gravity Co, Ltd. develops and publishes online games in South Korea, Japan, the United States, Canada, Taiwan, Hong Kong, Macau, China, and internationally. It offers online games; mobile games and applications; and other games and game-related products and services, including character-based merchandise and animation.