Giftify (NASDAQ:GIFT) Posts Earnings Results

Giftify (NASDAQ:GIFT) posted its quarterly earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.

Giftify Stock Performance

NASDAQ:GIFT traded up $0.07 during mid-day trading on Monday, hitting $0.94. The stock had a trading volume of 47,222 shares, compared to its average volume of 80,667. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $0.91 and a 200-day simple moving average of $0.97. The stock has a market capitalization of $31.89 million, a price-to-earnings ratio of -2.92 and a beta of -1.35. Giftify has a 52 week low of $0.74 and a 52 week high of $1.29.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Giftify stock. Susquehanna International Group LLP grew its holdings in shares of Giftify, Inc. (NASDAQ:GIFT) by 62.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,007 shares of the company’s stock after purchasing an additional 17,234 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Giftify worth $48,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average 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.