Giftify (NASDAQ:GIFT) Stock Price Up 5.1% – Here’s What Happened

Giftify, Inc. (NASDAQ:GIFT)’s share price rose 5.1% during trading on Wednesday . The stock traded as high as $0.9088 and last traded at $0.8729. Approximately 64,888 shares were traded during trading, an increase of 11% from the average daily volume of 58,411 shares. The stock had previously closed at $0.8302.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Giftify presently has a consensus rating of “Sell”.

Giftify Stock Performance

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 firm has a 50-day moving average price of $1.00 and a 200 day moving average price of $1.01.

Giftify (NASDAQ:GIFT) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $21.36 million for the quarter, compared to analyst estimates of $20.55 million. Giftify had a negative return on equity of 45.87% and a negative net margin of 12.06%.

Institutional Investors Weigh In On Giftify

Institutional investors have recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. purchased a new stake in Giftify during the 1st quarter valued at about $142,000. Elevation Point Wealth Partners LLC purchased a new stake in Giftify during the 1st quarter valued at about $100,000. Susquehanna International Group LLP boosted 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 acquiring an additional 17,234 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Giftify by 280.0% during the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after acquiring an additional 70,000 shares during the period.

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.