Giftify (NASDAQ:GIFT) Shares Down 0.1% – Time to Sell?

Giftify, Inc. (NASDAQ:GIFT) shares were down 0.1% on Wednesday. The stock traded as low as $0.6463 and last traded at $0.68. 26,332 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 33,267 shares. The stock had previously closed at $0.6810.

Analysts Set New Price Targets

A number of research analysts recently weighed in on GIFT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. Zacks Research upgraded Giftify to a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Giftify Trading Up 12.1%

The stock has a market capitalization of $23.61 million, a price-to-earnings ratio of -2.47 and a beta of -1.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 0.58. The business’s 50-day simple moving average is $0.82 and its two-hundred day simple moving average is $0.91.

Giftify (NASDAQ:GIFT) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%. The company had revenue of $21.75 million during the quarter, compared to the consensus estimate of $20.20 million. On average, research analysts anticipate that Giftify, Inc. will post -0.13 earnings per share for the current fiscal year.

Institutional Trading of Giftify

A number of institutional investors have recently added to or reduced their stakes in GIFT. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify in the first quarter valued at about $142,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Giftify in the second quarter worth about $95,000. Finally, BlackRock Inc. purchased a new stake in shares of Giftify in the second quarter worth about $82,000.

About Giftify

Giftify, Inc is a technology company that provides digital gift card, rewards and customer-engagement solutions for shopping centers and other retail destinations. Its platform is designed to help property owners and operators attract shoppers, encourage spending across multiple merchants and strengthen relationships with consumers.

The company’s services include digital and physical gift card programs, mobile and online purchasing tools, loyalty and rewards functionality, promotional campaigns, and reporting or analytics capabilities.