Giftify (NASDAQ:GIFT) Releases Quarterly Earnings Results, Meets Estimates

Giftify (NASDAQ:GIFT) posted its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08), Zacks reports. Giftify had a negative net margin of 12.61% and a negative return on equity of 48.57%. The business had revenue of $21.36 million during the quarter, compared to analysts’ expectations of $20.55 million.

Giftify Stock Down 8.2%

Giftify stock opened at $0.81 on Wednesday. The stock’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $1.04. The company has a current ratio of 1.03, a quick ratio of 0.53 and a debt-to-equity ratio of 0.03. Giftify has a twelve month low of $0.74 and a twelve month high of $2.08. The firm has a market capitalization of $27.26 million, a P/E ratio of -2.31 and a beta of -1.31.

Institutional Trading of Giftify

An institutional investor recently raised its position in Giftify stock. Blair William & Co. IL boosted its position in shares of Giftify, Inc. (NASDAQ:GIFT) by 280.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 95,000 shares of the company’s stock after purchasing an additional 70,000 shares during the quarter. Blair William & Co. IL owned approximately 0.31% of Giftify worth $101,000 at the end of the most recent reporting period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average 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.