Giftify (NASDAQ:GIFT) Issues Quarterly Earnings Results

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

Giftify Price Performance

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

Institutional Trading of Giftify

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.