Giftify (NASDAQ:GIFT) Announces Earnings Results, Misses Expectations By $0.01 EPS

Giftify (NASDAQ:GIFT) released its quarterly earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), Zacks reports. Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%.

Giftify Trading Up 3.0%

Giftify stock opened at $0.94 on Thursday. The company has a market cap of $29.10 million, a price-to-earnings ratio of -2.24 and a beta of -1.45. The firm has a 50-day moving average of $0.98 and a 200-day moving average of $1.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.82 and a quick ratio of 0.50. Giftify has a one year low of $0.74 and a one year high of $2.38.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Giftify stock. Susquehanna International Group LLP increased its position in shares of Giftify, Inc. (NASDAQ:GIFT) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,007 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

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.