Giftify (NASDAQ:GIFT) Major Shareholder Sells $16,377.30 in Stock

Giftify, Inc. (NASDAQ:GIFT) major shareholder Communications Int Interactive sold 17,610 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $0.93, for a total transaction of $16,377.30. Following the sale, the insider owned 2,577,760 shares of the company’s stock, valued at approximately $2,397,316.80. This represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Giftify Price Performance

NASDAQ GIFT traded down $0.05 during trading on Monday, reaching $0.90. The company’s stock had a trading volume of 21,606 shares, compared to its average volume of 37,917. The business’s fifty day moving average price is $1.04 and its 200-day moving average price is $1.07. Giftify, Inc. has a twelve month low of $0.85 and a twelve month high of $2.38. The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 0.03.

Institutional Trading of Giftify

A number of institutional investors have recently modified their holdings of GIFT. Susquehanna International Group LLP raised its position in Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after acquiring an additional 17,234 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Giftify by 280.0% in the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after purchasing 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 3rd quarter valued at about $160,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.