GigaCloud Technology (NASDAQ:GCT) Announces Quarterly Earnings Results

GigaCloud Technology (NASDAQ:GCT - Get Free Report) released its earnings results on Monday. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.22, Zacks reports. The company had revenue of $271.91 million for the quarter, compared to the consensus estimate of $259.80 million. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. GigaCloud Technology's quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. GigaCloud Technology updated its Q2 2025 guidance to EPS.

GigaCloud Technology Price Performance

Shares of GigaCloud Technology stock traded up $0.67 during trading on Friday, reaching $18.88. 941,029 shares of the stock traded hands, compared to its average volume of 1,359,958. The company has a market capitalization of $756.45 million, a price-to-earnings ratio of 5.97 and a beta of 2.16. The business has a fifty day simple moving average of $14.06 and a two-hundred day simple moving average of $18.29. GigaCloud Technology has a 52-week low of $11.17 and a 52-week high of $36.18.

GigaCloud Technology declared that its Board of Directors has authorized a share buyback plan on Wednesday, April 2nd that permits the company to buyback $16.00 million in shares. This buyback authorization permits the company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Lake Street Capital decreased their price target on GigaCloud Technology from $50.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Roth Capital cut GigaCloud Technology from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Roth Mkm cut GigaCloud Technology from a "buy" rating to a "neutral" rating and decreased their price target for the company from $32.00 to $15.00 in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GCT. Royal Bank of Canada grew its position in GigaCloud Technology by 91.4% in the first quarter. Royal Bank of Canada now owns 46,638 shares of the company's stock worth $661,000 after acquiring an additional 22,273 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of GigaCloud Technology by 355.1% during the first quarter. AQR Capital Management LLC now owns 99,669 shares of the company's stock valued at $1,415,000 after acquiring an additional 77,769 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of GigaCloud Technology by 34.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,230 shares of the company's stock valued at $458,000 after acquiring an additional 8,274 shares in the last quarter. Jones Financial Companies Lllp raised its stake in GigaCloud Technology by 2,444.8% in the first quarter. Jones Financial Companies Lllp now owns 4,199 shares of the company's stock worth $60,000 after buying an additional 4,034 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in GigaCloud Technology by 24.9% in the first quarter. Goldman Sachs Group Inc. now owns 142,055 shares of the company's stock worth $2,017,000 after buying an additional 28,309 shares in the last quarter. 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.