Giftify (NASDAQ:GIFT) Issues Quarterly Earnings Results

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

Giftify Price Performance

Shares of Giftify stock traded up $0.07 on Monday, reaching $0.94. 41,403 shares of the stock were exchanged, compared to its average volume of 80,541. The firm’s 50 day moving average is $0.91 and its 200-day moving average is $0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.60 and a current ratio of 1.00. Giftify has a one year low of $0.74 and a one year high of $1.29. The firm has a market cap of $31.89 million, a PE ratio of -2.93 and a beta of -1.35.

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Giftify presently has an average rating of “Sell”.

Institutional Investors Weigh In On Giftify

An institutional investor recently raised its position in Giftify stock. Susquehanna International Group LLP boosted its holdings in shares of Giftify, Inc. (NASDAQ:GIFT) by 62.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,007 shares of the company’s stock after buying an additional 17,234 shares during the period. Susquehanna International Group LLP owned approximately 0.15% of Giftify worth $48,000 as of its most recent SEC filing.

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.