GigaCloud Technology (NASDAQ:GCT) Earns “Hold (C+)” Rating from Weiss Ratings

GigaCloud Technology (NASDAQ:GCT)‘s stock had its “hold (c+)” rating reiterated by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on GCT. Wall Street Zen cut GigaCloud Technology from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. Lake Street Capital upped their price target on GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Zacks Research raised GigaCloud Technology from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 19th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $24.00.

GigaCloud Technology Stock Up 3.9%

Shares of NASDAQ GCT opened at $29.42 on Wednesday. The company has a market cap of $1.11 billion, a P/E ratio of 8.83 and a beta of 2.36. The business has a 50-day simple moving average of $28.17 and a two-hundred day simple moving average of $20.98. GigaCloud Technology has a 52 week low of $11.17 and a 52 week high of $34.50.

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

GigaCloud Technology announced that its board has approved a stock buyback program on Monday, August 18th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, insider Marshall Bernes sold 16,000 shares of the company’s stock in a transaction on 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 SEC, which can be accessed through this hyperlink. Also, CEO Lei Wu sold 100,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total value of $2,852,000.00. Following the transaction, the chief executive officer directly owned 60,000 shares in the company, valued at approximately $1,711,200. The trade was a 62.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,742 shares of company stock valued at $3,894,255 over the last ninety days. 24.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new stake in shares of GigaCloud Technology during the 2nd quarter valued at $847,000. Tower Research Capital LLC TRC raised its stake in shares of GigaCloud Technology by 25.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,372 shares of the company’s stock worth $47,000 after buying an additional 483 shares during the period. BNP Paribas Financial Markets grew its position in shares of GigaCloud Technology by 80.0% during the second quarter. BNP Paribas Financial Markets now owns 14,945 shares of the company’s stock worth $296,000 after purchasing an additional 6,643 shares in the last quarter. Bridgeway Capital Management LLC grew its position in shares of GigaCloud Technology by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 380,656 shares of the company’s stock worth $7,529,000 after purchasing an additional 3,023 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of GigaCloud Technology by 13.9% during the second quarter. Ameriprise Financial Inc. now owns 90,238 shares of the company’s stock worth $1,787,000 after purchasing an additional 11,034 shares in the last quarter. Institutional investors own 34.94% of the company’s stock.

GigaCloud Technology Company Profile

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.