Giftify (NASDAQ:GIFT) Stock Price Down 2.8% – What’s Next?

Giftify, Inc. (NASDAQ:GIFT) shares dropped 2.8% during trading on Tuesday . The company traded as low as $1.03 and last traded at $1.03. Approximately 25,600 shares were traded during trading, a decline of 11% from the average daily volume of 28,656 shares. The stock had previously closed at $1.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Giftify currently has an average rating of “Hold” and an average target price of $4.00.

Giftify Price Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $1.08 and its two-hundred day simple moving average is $1.11. The stock has a market cap of $34.06 million, a price-to-earnings ratio of -2.62 and a beta of -2.03.

Giftify (NASDAQ:GIFT) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $18.78 million for the quarter, compared to analyst estimates of $23.40 million. Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Blair William & Co. IL lifted its stake in Giftify by 150.0% in the second quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 15,000 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. acquired a new position in Giftify during the third quarter worth approximately $160,000. Finally, Susquehanna International Group LLP lifted its holdings in Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares during the last quarter.

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.