GigaCloud Technology Inc. (NASDAQ:GCT) Receives Average Rating of “Hold” from Brokerages

Shares of GigaCloud Technology Inc. (NASDAQ:GCT) have earned an average recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.00.

A number of research analysts have issued reports on the company. Weiss Ratings upgraded GigaCloud Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 21st. Zacks Research cut shares of GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of GigaCloud Technology from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Lake Street Capital raised their price objective on shares of GigaCloud Technology from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 8th.

Insider Buying and Selling

In other news, COO Xinyan Hao sold 100,000 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $35.18, for a total value of $3,518,000.00. Following the completion of the transaction, the chief operating officer owned 407,486 shares in the company, valued at $14,335,357.48. The trade was a 19.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 410,000 shares of company stock valued at $12,898,316. 24.71% of the stock is owned by company insiders.

Hedge Funds Weigh In On GigaCloud Technology

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in GigaCloud Technology by 18.2% during the 3rd quarter. Vanguard Group Inc. now owns 803,664 shares of the company’s stock valued at $22,824,000 after acquiring an additional 123,596 shares during the period. Geode Capital Management LLC raised its holdings in shares of GigaCloud Technology by 9.1% during the second quarter. Geode Capital Management LLC now owns 630,805 shares of the company’s stock valued at $12,479,000 after purchasing an additional 52,415 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in GigaCloud Technology during the third quarter valued at approximately $14,335,000. Nuveen LLC bought a new position in GigaCloud Technology during the first quarter valued at approximately $6,502,000. Finally, UBS Group AG boosted its holdings in GigaCloud Technology by 133.8% in the third quarter. UBS Group AG now owns 441,992 shares of the company’s stock worth $12,553,000 after purchasing an additional 252,934 shares during the last quarter. Hedge funds and other institutional investors own 34.94% of the company’s stock.

GigaCloud Technology Price Performance

NASDAQ:GCT opened at $37.32 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 11.17 and a beta of 2.35. GigaCloud Technology has a one year low of $11.17 and a one year high of $37.52. The company’s 50-day simple moving average is $29.46 and its 200 day simple moving average is $25.07.

GigaCloud Technology (NASDAQ:GCT) last released its earnings results on Thursday, November 6th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.34. GigaCloud Technology had a net margin of 10.62% and a return on equity of 30.43%. The firm had revenue of $332.64 million during the quarter, compared to analyst estimates of $300.96 million. During the same period last year, the business earned $1.15 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. GigaCloud Technology has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that GigaCloud Technology will post 3.1 earnings per share for the current fiscal year.

GigaCloud Technology announced that its Board of Directors has authorized a stock buyback plan on Monday, August 18th that permits the company to buyback $0.00 in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.