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

RDE (NASDAQ:GIFT) released its earnings results on Monday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02), Zacks reports. The firm had revenue of $23.40 million during the quarter, compared to analysts’ expectations of $23.44 million.

RDE Stock Performance

Shares of RDE stock traded down $0.09 during mid-day trading on Tuesday, reaching $1.91. 74,785 shares of the stock traded hands, compared to its average volume of 117,386. RDE has a fifty-two week low of $0.82 and a fifty-two week high of $4.27. The business has a 50-day moving average of $1.51 and a 200 day moving average of $1.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.40.

Analysts Set New Price Targets

Separately, Maxim Group began coverage on shares of RDE in a report on Wednesday, February 5th. They issued a “buy” rating and a $4.00 price target on the stock.

About RDE

RDE, Inc owns and operates a restaurant deal space in the United States. The company operates Restaurant.com that connects digital consumers, businesses, and communities with dining and merchant deal options at approximately 182,500 restaurants and retailers to approximately 7.8 million customers. It sells discount certificates for restaurants, as well as complementary entertainment and travel offerings, and consumer products on behalf of third-party merchants.