Giftify (NASDAQ:GIFT) Releases Quarterly Earnings Results, Hits Expectations

Giftify (NASDAQ:GIFT) released its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08), Zacks reports. The business had revenue of $21.36 million during the quarter, compared to analyst estimates of $20.55 million. Giftify had a negative return on equity of 45.76% and a negative net margin of 12.06%.

Giftify Stock Up 10.3%

Shares of GIFT traded up $0.09 during mid-day trading on Thursday, reaching $0.93. The company’s stock had a trading volume of 31,001 shares, compared to its average volume of 76,503. The company has a market cap of $31.36 million, a price-to-earnings ratio of -2.91 and a beta of -1.31. The business has a fifty day moving average of $0.99 and a 200 day moving average of $1.04. The company has a quick ratio of 0.53, a current ratio of 1.03 and a debt-to-equity ratio of 0.03. Giftify has a 1 year low of $0.74 and a 1 year high of $2.08.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Giftify

A hedge fund recently raised its stake in Giftify stock. Susquehanna International Group LLP raised its stake in shares of Giftify, Inc. (NASDAQ:GIFT) by 62.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,007 shares of the company’s stock after buying an additional 17,234 shares during the period. Susquehanna International Group LLP owned about 0.15% of Giftify worth $48,000 as of its most recent SEC filing.

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.