Giftify (GIFT) Projected to Post Earnings on Wednesday

Giftify (NASDAQ:GIFT) is expected to be announcing its results before the market opens on Wednesday, May 20th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $20.5480 million for the quarter.

Giftify (NASDAQ:GIFT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Giftify had a negative net margin of 12.61% and a negative return on equity of 48.57%. The company had revenue of $21.36 million during the quarter, compared to analyst estimates of $20.55 million.

Giftify Price Performance

Shares of NASDAQ GIFT opened at $0.81 on Wednesday. Giftify has a twelve month low of $0.74 and a twelve month high of $2.08. The firm has a market cap of $27.26 million, a P/E ratio of -2.31 and a beta of -1.31. The company has a 50 day moving average of $0.99 and a 200 day moving average of $1.04. The company has a quick ratio of 0.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On Giftify

An institutional investor recently raised its position in Giftify stock. Blair William & Co. IL boosted its stake in Giftify, Inc. (NASDAQ:GIFT) by 280.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,000 shares of the company’s stock after purchasing an additional 70,000 shares during the period. Blair William & Co. IL owned approximately 0.31% of Giftify worth $101,000 at the end of the most recent quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Giftify Company Profile

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.