Aegis Boosts Earnings Estimates for GigaCloud Technology

GigaCloud Technology Inc. (NASDAQ:GCT) – Stock analysts at Aegis boosted their FY2025 earnings per share (EPS) estimates for GigaCloud Technology in a research note issued to investors on Wednesday, March 5th. Aegis analyst R. Dionisio now anticipates that the company will post earnings per share of $3.12 for the year, up from their prior estimate of $3.10. The consensus estimate for GigaCloud Technology’s current full-year earnings is $3.10 per share.

GCT has been the topic of several other reports. Lake Street Capital lowered their target price on GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Roth Capital lowered GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Roth Mkm lowered GigaCloud Technology from a “buy” rating to a “neutral” rating and lowered their target price for the company from $32.00 to $15.00 in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $36.67.

GigaCloud Technology Trading Up 1.3 %

Shares of GigaCloud Technology stock opened at $15.31 on Monday. The firm has a market capitalization of $613.41 million, a P/E ratio of 4.84 and a beta of 2.05. The business’s fifty day simple moving average is $19.25 and its 200 day simple moving average is $21.03. GigaCloud Technology has a 12 month low of $13.60 and a 12 month high of $45.18.

GigaCloud Technology (NASDAQ:GCT) last issued its quarterly earnings results on Monday, March 3rd. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.14). The business had revenue of $295.78 million for the quarter, compared to the consensus estimate of $290.00 million. GigaCloud Technology had a return on equity of 40.32% and a net margin of 11.75%. During the same quarter last year, the business posted $0.87 earnings per share.

Insider Activity at GigaCloud Technology

In related news, CTO Xin Wan sold 68,437 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $20.43, for a total transaction of $1,398,167.91. Following the sale, the chief technology officer now directly owns 1,563 shares in the company, valued at approximately $31,932.09. The trade was a 97.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Marshall Bernes acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the purchase, the insider now owns 45,000 shares in the company, valued at $787,500. This trade represents a 12.50 % increase in their position. The disclosure for this purchase can be found here. 43.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On GigaCloud Technology

Institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in GigaCloud Technology by 200.0% in the 4th quarter. US Bancorp DE now owns 1,500 shares of the company’s stock worth $28,000 after acquiring an additional 1,000 shares during the last quarter. New York State Teachers Retirement System bought a new position in GigaCloud Technology in the 3rd quarter worth about $49,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in GigaCloud Technology in the 3rd quarter worth about $51,000. Amundi bought a new position in GigaCloud Technology in the 4th quarter worth about $45,000. Finally, Quarry LP increased its position in shares of GigaCloud Technology by 519.8% during the 3rd quarter. Quarry LP now owns 3,663 shares of the company’s stock valued at $84,000 after purchasing an additional 3,072 shares during the last quarter. 34.94% of the stock is currently owned by institutional investors.

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.