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

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

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

Giftify Trading Down 2.5%

GIFT stock opened at $0.88 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. Giftify has a 12-month low of $0.74 and a 12-month high of $1.29. The stock has a market cap of $31.08 million, a price-to-earnings ratio of -3.25 and a beta of -1.35. The business’s 50-day moving average is $0.92 and its 200 day moving average is $0.96.

Giftify (NASDAQ:GIFT) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Giftify had a negative return on equity of 39.87% and a negative net margin of 10.32%.The company had revenue of $21.75 million during the quarter, compared to analyst estimates of $20.20 million. On average, sell-side analysts anticipate that Giftify will post -0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Giftify

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP grew 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 valued at $48,000 after acquiring an additional 17,234 shares in the last quarter. BlackRock Inc. purchased a new position in Giftify in the 2nd quarter worth approximately $82,000. Elevation Point Wealth Partners LLC purchased a new position in Giftify in the 1st quarter worth approximately $100,000. Blair William & Co. IL boosted its holdings in shares of Giftify by 280.0% during the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after purchasing an additional 70,000 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in shares of Giftify during the 1st quarter worth 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.