Giftify (NASDAQ:GIFT) Issues Earnings Results

Giftify (NASDAQ:GIFT) posted its quarterly earnings data on Tuesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), FiscalAI reports. The company had revenue of $22.32 million for the quarter, compared to the consensus estimate of $22.00 million. Giftify had a negative return on equity of 35.36% and a negative net margin of 8.82%.

Giftify Trading Up 7.1%

Shares of GIFT stock opened at $0.59 on Thursday. Giftify has a fifty-two week low of $0.39 and a fifty-two week high of $1.29. The stock’s fifty day moving average price is $0.65 and its two-hundred day moving average price is $0.88. The company has a quick ratio of 0.58, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

A number of research analysts recently commented on GIFT shares. Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research report on Friday, October 2nd. Zacks Research raised shares of Giftify to a “hold” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Giftify Company Profile

Giftify, Inc (NASDAQ:GIFT) is a technology company that provides digital gift card, loyalty and customer-engagement solutions for shopping centers and retail destinations. Its platform is designed to help malls and other commercial properties issue and manage gift cards while encouraging visits and spending across participating retailers.

Giftify’s services include branded digital gift cards, rewards programs, promotional campaigns and tools that enable retailers and property owners to engage shoppers.