Giftify (NASDAQ:GIFT) Upgraded to Hold at Zacks Research

Giftify (NASDAQ:GIFT) was upgraded by investment analysts at Zacks Research to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Giftify currently has a consensus rating of “Reduce”.

Giftify Price Performance

Shares of GIFT opened at $0.88 on Thursday. The business’s 50-day moving average is $0.92 and its two-hundred day moving average is $0.96. The company has a market capitalization of $31.08 million, a P/E ratio of -3.25 and a beta of -1.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.60 and a current ratio of 1.02. Giftify has a fifty-two week low of $0.74 and a fifty-two week high of $1.29.

Giftify (NASDAQ:GIFT) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $21.75 million during the quarter, compared to analyst estimates of $20.20 million. Giftify had a negative return on equity of 39.87% and a negative net margin of 10.32%. Research analysts predict that Giftify will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GIFT. Susquehanna International Group LLP increased its stake in Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after buying an additional 17,234 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Giftify during the second quarter valued at approximately $82,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Giftify in the first quarter valued at approximately $100,000. Blair William & Co. IL lifted its position in shares of Giftify by 280.0% in the third 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 in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in shares of Giftify in the first quarter valued at approximately $142,000.

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.