Giftify (NASDAQ:GIFT) Posts Earnings Results, Misses Estimates By $0.02 EPS

Giftify (NASDAQ:GIFT) posted its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02), FiscalAI reports. The firm had revenue of $22.32 million for the quarter, compared to analysts’ expectations of $22.00 million. Giftify had a negative return on equity of 39.87% and a negative net margin of 10.32%.

Giftify Price Performance

Shares of NASDAQ:GIFT traded up $0.09 on Tuesday, reaching $0.57. 8,584 shares of the company were exchanged, compared to its average volume of 124,240. The company has a 50-day moving average of $0.66 and a 200-day moving average of $0.88. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. The firm has a market cap of $20.24 million, a price-to-earnings ratio of -1.98 and a beta of -1.51. Giftify has a 1-year low of $0.39 and a 1-year high of $1.29.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GIFT shares. Zacks Research raised Giftify to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

About Giftify

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.