Giftify (NASDAQ:GIFT) Announces Quarterly Earnings Results

Giftify (NASDAQ:GIFT) released its earnings results on Monday. The company reported ($0.04) EPS for the quarter, Zacks reports. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.

Giftify Stock Performance

GIFT traded up $0.07 during trading hours on Monday, hitting $0.94. 41,403 shares of the stock were exchanged, compared to its average volume of 80,541. The stock has a market cap of $31.89 million, a price-to-earnings ratio of -2.93 and a beta of -1.35. The stock has a 50-day simple moving average of $0.91 and a 200-day simple moving average of $0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.60. Giftify has a 12 month low of $0.74 and a 12 month high of $1.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Giftify stock. Susquehanna International Group LLP grew its holdings in shares of Giftify, Inc. (NASDAQ:GIFT) by 62.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,007 shares of the company’s stock after buying an additional 17,234 shares during the period. Susquehanna International Group LLP owned 0.15% of Giftify worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a research note on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus 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.