GigaCloud Technology (NASDAQ:GCT) Raised to Buy at Wall Street Zen

GigaCloud Technology (NASDAQ:GCT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

A number of other brokerages also recently issued reports on GCT. Lake Street Capital raised their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 8th. Zacks Research raised shares of GigaCloud Technology from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $24.00.

GigaCloud Technology Price Performance

Shares of GigaCloud Technology stock opened at $28.04 on Friday. GigaCloud Technology has a 1 year low of $11.17 and a 1 year high of $34.50. The company has a 50-day moving average of $28.09 and a 200 day moving average of $22.93. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 8.42 and a beta of 2.35.

GigaCloud Technology (NASDAQ:GCT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.46 by $0.45. GigaCloud Technology had a net margin of 11.17% and a return on equity of 32.33%. The company had revenue of $322.61 million for the quarter, compared to the consensus estimate of $290.08 million. During the same period in the prior year, the firm posted $1.03 EPS. GigaCloud Technology’s revenue for the quarter was up 3.8% on a year-over-year basis. GigaCloud Technology has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that GigaCloud Technology will post 3.1 EPS for the current year.

GigaCloud Technology announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at GigaCloud Technology

In other news, insider Marshall Bernes sold 16,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $31.29, for a total transaction of $500,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Xinyan Hao sold 16,939 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $30.01, for a total value of $508,339.39. Following the transaction, the chief operating officer directly owned 776,805 shares of the company’s stock, valued at approximately $23,311,918.05. This represents a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 150,681 shares of company stock valued at $4,402,594 in the last three months. 24.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On GigaCloud Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in shares of GigaCloud Technology by 17.6% during the second quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company’s stock worth $54,000 after purchasing an additional 405 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in GigaCloud Technology by 25.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock valued at $47,000 after purchasing an additional 483 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in GigaCloud Technology by 5.6% in the second quarter. Stratos Wealth Partners LTD. now owns 10,945 shares of the company’s stock valued at $217,000 after purchasing an additional 585 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of GigaCloud Technology by 1.4% during the first quarter. Principal Financial Group Inc. now owns 74,234 shares of the company’s stock valued at $1,054,000 after acquiring an additional 1,028 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in GigaCloud Technology by 31.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,209 shares of the company’s stock worth $123,000 after buying an additional 1,489 shares during the period. Hedge funds and other institutional investors own 34.94% of the company’s stock.

About GigaCloud Technology

GigaCloud Technology Inc provides end-to-end B2B ecommerce solutions for large parcel merchandise in the United States and internationally. The company offers GigaCloud Marketplace integrates product discovery to payments to logistics tools into one easy-to-use platform. Its marketplace connects manufacturers primarily in Asia with resellers in the United States, Asia, and Europe to execute cross-border transactions across furniture, home appliance, fitness equipment, and other large parcel categories.