Giftify (NASDAQ:GIFT – Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02, Zacks reports. The business had revenue of $21.75 million during the quarter, compared to the consensus estimate of $20.20 million. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.
Giftify Price Performance
Shares of GIFT stock opened at $1.03 on Tuesday. Giftify has a twelve month low of $0.74 and a twelve month high of $1.29. 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 company has a market capitalization of $35.13 million, a PE ratio of -3.22 and a beta of -1.37. The firm has a fifty day simple moving average of $0.91 and a 200-day simple moving average of $0.97.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Giftify stock. Blair William & Co. IL lifted its stake in shares of Giftify, Inc. (NASDAQ:GIFT – Free Report) by 280.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,000 shares of the company’s stock after purchasing an additional 70,000 shares during the period. Blair William & Co. IL owned about 0.31% of Giftify worth $101,000 as of its most recent filing with the SEC.
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.
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