Giftify (NASDAQ:GIFT) Stock Price Up 1% – Time to Buy?

Shares of Giftify, Inc. (NASDAQ:GIFT) traded up 1% during mid-day trading on Tuesday . The stock traded as high as $0.94 and last traded at $0.9101. Approximately 14,981 shares were traded during trading, a decline of 59% from the average session volume of 36,546 shares. The stock had previously closed at $0.9010.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Giftify Stock Down 2.2%

The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.60. The company has a market capitalization of $30.70 million, a P/E ratio of -2.81 and a beta of -1.37. The stock has a 50-day moving average price of $0.92 and a 200-day moving average price of $0.98.

Giftify (NASDAQ:GIFT) last announced its earnings results on Tuesday, May 12th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The business had revenue of $21.36 million for the quarter, compared to analysts’ expectations of $20.55 million. Giftify had a negative return on equity of 45.87% and a negative net margin of 12.06%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GIFT. Susquehanna International Group LLP boosted its stake in shares of Giftify by 62.1% in the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares during the last quarter. Blair William & Co. IL raised its stake in Giftify by 280.0% during the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Giftify during the first quarter worth $100,000. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in Giftify in the first quarter valued at $142,000.

About Giftify

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.