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

Wall Street Zen upgraded shares of GigaCloud Technology (NASDAQ:GCT) from a hold rating to a buy rating in a report published on Tuesday morning.

A number of other equities research analysts have also issued reports on the company. Zacks Research lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 11th. Lake Street Capital lifted their price target on shares of GigaCloud Technology from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of GigaCloud Technology in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.00.

GigaCloud Technology Stock Up 5.2%

Shares of GCT opened at $31.44 on Tuesday. The company has a market cap of $1.17 billion, a P/E ratio of 9.41 and a beta of 2.35. GigaCloud Technology has a fifty-two week low of $11.17 and a fifty-two week high of $34.50. The firm’s 50 day moving average price is $28.89 and its 200 day moving average price is $24.28.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.99 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 company had revenue of $332.64 million during the quarter, compared to analysts’ expectations of $300.96 million. During the same quarter last year, the company posted $1.15 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. GigaCloud Technology has set its Q4 2025 guidance at EPS. Research analysts forecast that GigaCloud Technology will post 3.1 earnings per share for the current year.

GigaCloud Technology declared that its Board of Directors has initiated a share buyback plan on Monday, August 18th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at GigaCloud Technology

In other GigaCloud Technology news, CEO Lei Wu sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $28.52, for a total transaction of $2,852,000.00. Following the sale, the chief executive officer owned 60,000 shares of the company’s stock, valued at approximately $1,711,200. This trade represents a 62.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Xinyan Hao sold 30,000 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $30.42, for a total transaction of $912,600.00. Following the completion of the transaction, the chief operating officer owned 596,805 shares of the company’s stock, valued at approximately $18,154,808.10. The trade was a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 250,681 shares of company stock worth $7,546,874 over the last quarter. 24.71% of the stock is currently owned by insiders.

Institutional Trading of GigaCloud Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of GigaCloud Technology in the third quarter valued at approximately $14,335,000. Nuveen LLC acquired a new stake in GigaCloud Technology during the 1st quarter worth $6,502,000. Pacer Advisors Inc. purchased a new position in GigaCloud Technology during the 1st quarter worth $4,806,000. UBS Group AG grew its position in GigaCloud Technology by 133.8% during the 3rd 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. Finally, JPMorgan Chase & Co. increased its stake in GigaCloud Technology by 67.7% in the second quarter. JPMorgan Chase & Co. now owns 339,885 shares of the company’s stock valued at $6,723,000 after purchasing an additional 137,201 shares during the period. 34.94% of the stock is owned by hedge funds and other institutional investors.

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.