Aegis Has Positive Outlook for GCT FY2025 Earnings

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

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

Other equities research analysts have also recently issued research reports about the company. Roth Mkm cut GigaCloud Technology from a “buy” rating to a “neutral” rating and dropped their price target for the company from $32.00 to $15.00 in a research note on Tuesday, March 4th. Lake Street Capital lowered their price objective on GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Roth Capital cut GigaCloud Technology from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

GigaCloud Technology Trading Up 0.4 %

GCT opened at $15.69 on Monday. GigaCloud Technology has a 1-year low of $13.60 and a 1-year high of $45.18. The stock’s fifty day simple moving average is $19.35 and its 200 day simple moving average is $21.13. The stock has a market cap of $642.85 million, a PE ratio of 4.97 and a beta of 2.05.

Institutional Trading of GigaCloud Technology

Hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of GigaCloud Technology by 200.0% during the fourth quarter. US Bancorp DE now owns 1,500 shares of the company’s stock valued at $28,000 after purchasing an additional 1,000 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of GigaCloud Technology in the third quarter worth approximately $49,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of GigaCloud Technology in the third quarter worth approximately $51,000. Amundi acquired a new position in shares of GigaCloud Technology in the fourth quarter worth approximately $45,000. Finally, Quarry LP lifted its stake in shares of GigaCloud Technology by 519.8% in the third quarter. Quarry LP now owns 3,663 shares of the company’s stock worth $84,000 after acquiring an additional 3,072 shares during the period. 34.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

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.