GigaCloud Technology (NASDAQ:GCT) Downgraded by Roth Capital to Hold

GigaCloud Technology (NASDAQ:GCT) was downgraded by research analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports. Roth Capital also issued estimates for GigaCloud Technology’s Q2 2025 earnings at $0.64 EPS.

GCT has been the subject of a number of other research reports. Roth Mkm cut GigaCloud Technology from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $15.00 in a research report on Tuesday. Lake Street Capital decreased their price target on shares of GigaCloud Technology from $50.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, GigaCloud Technology has an average rating of “Moderate Buy” and a consensus price target of $36.67.

GigaCloud Technology Price Performance

GCT opened at $15.53 on Tuesday. The stock’s 50 day simple moving average is $19.47 and its 200 day simple moving average is $21.27. The stock has a market cap of $636.30 million, a P/E ratio of 4.91 and a beta of 1.94. GigaCloud Technology has a 1-year low of $13.60 and a 1-year high of $45.18.

GigaCloud Technology (NASDAQ:GCT) last announced its quarterly earnings results on Monday, March 3rd. The company reported $0.76 earnings per share (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 business had revenue of $295.78 million during the quarter, compared to analysts’ expectations of $290.00 million. During the same period last year, the company earned $0.87 EPS. Research analysts expect that GigaCloud Technology will post 3.1 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Frank Hurst Lin sold 2,663,076 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $21.80, for a total value of $58,055,056.80. Following the transaction, the insider now owns 1,406,813 shares in the company, valued at approximately $30,668,523.40. This trade represents a 65.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Marshall Bernes purchased 5,000 shares of GigaCloud Technology stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $17.50 per share, for a total transaction of $87,500.00. Following the completion of the transaction, the insider now owns 45,000 shares of the company’s stock, valued at $787,500. This represents a 12.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 2,811,979 shares of company stock valued at $61,233,745 in the last 90 days. 43.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Segall Bryant & Hamill LLC purchased a new position in shares of GigaCloud Technology in the third quarter valued at $1,556,000. Principal Financial Group Inc. purchased a new stake in shares of GigaCloud Technology during the third quarter worth about $1,442,000. Charles Schwab Investment Management Inc. lifted its stake in shares of GigaCloud Technology by 279.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 214,569 shares of the company’s stock worth $4,931,000 after acquiring an additional 158,033 shares in the last quarter. Lake Hills Wealth Management LLC purchased a new position in GigaCloud Technology in the fourth quarter valued at about $332,000. Finally, Franklin Resources Inc. increased its holdings in GigaCloud Technology by 49.5% during the 3rd quarter. Franklin Resources Inc. now owns 409,829 shares of the company’s stock worth $10,164,000 after purchasing an additional 135,726 shares during the last quarter. Institutional investors and hedge funds 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.