Giftify (NASDAQ:GIFT) Trading Down 2.8% – Time to Sell?

Giftify, Inc. (NASDAQ:GIFT)’s share price traded down 2.8% on Tuesday . The stock traded as low as $1.03 and last traded at $1.03. 25,600 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 28,656 shares. The stock had previously closed at $1.06.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Giftify has a consensus rating of “Hold” and an average target price of $4.00.

Giftify Price Performance

The company has a current ratio of 0.82, a quick ratio of 0.50 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $1.08 and a 200 day simple moving average of $1.11. The stock has a market capitalization of $31.89 million, a price-to-earnings ratio of -2.45 and a beta of -2.03.

Giftify (NASDAQ:GIFT) last issued its earnings results on Monday, November 10th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $23.40 million. Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%.

Institutional Investors Weigh In On Giftify

A number of institutional investors have recently modified their holdings of the stock. Henrickson Nauta Wealth Advisors Inc. acquired a new position in shares of Giftify in the third quarter worth $160,000. Blair William & Co. IL boosted its position in Giftify by 280.0% during the third 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 during the last quarter. Finally, Susquehanna International Group LLP grew its stake in Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares in the last quarter.

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.