GigaCloud Technology (NASDAQ:GCT) Sets New 12-Month High - Time to Buy?

Key Points

• GigaCloud Technology Inc. shares reached a new 52-week high of $34.50, with the last trade recorded at $32.74 on a volume of 290,071 shares.
• Analyst upgrades from Lake Street Capital raised GigaCloud's price target from $26.00 to $33.00, and designated the stock as a "buy."
• The company reported a $0.91 EPS for the quarter, significantly exceeding analysts' estimates of $0.46, and its revenue increased to $322.61 million compared to $290.08 million projected by analysts.

GigaCloud Technology Inc. (NASDAQ:GCT - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $34.50 and last traded at $32.74, with a volume of 290071 shares traded. The stock had previously closed at $32.27.

Analyst Ratings Changes

A number of research firms recently commented on GCT. Zacks Research upgraded GigaCloud Technology from a "strong sell" rating to a "hold" rating in a report on Tuesday. Lake Street Capital lifted their price target on GigaCloud Technology from $26.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $24.00.

GigaCloud Technology Stock Up 3.6%

The company has a market cap of $1.17 billion, a P/E ratio of 9.32 and a beta of 2.36. The business has a fifty day moving average price of $23.11 and a 200-day moving average price of $18.51.

GigaCloud Technology (NASDAQ:GCT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.45. GigaCloud Technology had a return on equity of 32.33% and a net margin of 11.17%.The company had revenue of $322.61 million during the quarter, compared to analysts' expectations of $290.08 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. GigaCloud Technology has set its Q3 2025 guidance at EPS. As a group, research analysts expect that GigaCloud Technology Inc. will post 3.1 earnings per share for the current year.

GigaCloud Technology announced that its board has authorized a share repurchase plan on Monday, August 18th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually 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 GigaCloud Technology stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $31.29, for a total value of $500,640.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 24.71% of the company's stock.

Institutional Investors Weigh In On GigaCloud Technology

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its position in shares of GigaCloud Technology by 17.6% in the second quarter. Ameritas Investment Partners Inc. now owns 2,705 shares of the company's stock valued at $54,000 after buying an additional 405 shares in the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $47,000 after buying an additional 483 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of 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 buying an additional 585 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of GigaCloud Technology by 1.4% in the first quarter. Principal Financial Group Inc. now owns 74,234 shares of the company's stock valued at $1,054,000 after buying an additional 1,028 shares in the last quarter. Finally, Mariner LLC raised its position in shares of GigaCloud Technology by 10.5% in the fourth quarter. Mariner LLC now owns 11,066 shares of the company's stock valued at $205,000 after buying an additional 1,056 shares in the last quarter. 34.94% of the stock is currently owned by institutional investors and hedge funds.

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.