Giftify (NASDAQ:GIFT) Issues Quarterly Earnings Results

Giftify (NASDAQ:GIFTGet Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, Zacks reports. Giftify had a negative return on equity of 48.57% and a negative net margin of 12.61%.

Giftify Trading Down 2.5%

Shares of Giftify stock traded down $0.02 during trading hours on Tuesday, hitting $0.86. The company’s stock had a trading volume of 28,537 shares, compared to its average volume of 77,160. Giftify has a 12 month low of $0.74 and a 12 month high of $2.08. The stock has a 50 day moving average of $0.99 and a 200 day moving average of $1.04. The company has a market capitalization of $28.94 million, a PE ratio of -2.46 and a beta of -1.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.03 and a quick ratio of 0.53.

Institutional Investors Weigh In On Giftify

A hedge fund recently raised its stake in Giftify stock. Blair William & Co. IL grew its holdings in Giftify, Inc. (NASDAQ:GIFTFree Report) by 280.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the company’s stock after acquiring an additional 70,000 shares during the quarter. Blair William & Co. IL owned 0.31% of Giftify worth $101,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on GIFT

Giftify Company Profile

(Get Free Report)

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.

See Also

Earnings History for Giftify (NASDAQ:GIFT)

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