Giftify (NASDAQ:GIFT) Releases Earnings Results

Giftify (NASDAQ:GIFT) issued its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, Zacks reports. Giftify had a negative net margin of 12.61% and a negative return on equity of 48.57%.

Giftify Price Performance

Shares of GIFT traded down $0.01 during trading hours on Tuesday, reaching $0.88. The stock had a trading volume of 31,310 shares, compared to its average volume of 77,204. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.03. Giftify has a 12 month low of $0.74 and a 12 month high of $2.08. The stock has a market capitalization of $29.48 million, a PE ratio of -2.50 and a beta of -1.31. The company’s 50-day moving average is $0.99 and its two-hundred day moving average is $1.04.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Giftify

An institutional investor recently raised its position in Giftify stock. Susquehanna International Group LLP increased its holdings in Giftify, Inc. (NASDAQ:GIFT) by 62.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,007 shares of the company’s stock after purchasing an additional 17,234 shares during the quarter. Susquehanna International Group LLP owned approximately 0.15% of Giftify worth $48,000 at the end of the most recent reporting period.

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.