Giftify (NASDAQ:GIFT) Trading 5.1% Higher – Should You Buy?

Giftify, Inc. (NASDAQ:GIFT) shot up 5.1% during mid-day trading on Wednesday . The company traded as high as $0.9088 and last traded at $0.8729. 64,888 shares were traded during trading, an increase of 11% from the average session volume of 58,411 shares. The stock had previously closed at $0.8302.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Giftify Stock Up 5.1%

The company has a market cap of $29.77 million, a PE ratio of -2.73 and a beta of -1.38. The business has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $1.02. The company has a quick ratio of 0.60, a current ratio of 1.00 and a debt-to-equity ratio of 0.03.

Giftify (NASDAQ:GIFT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $21.36 million for the quarter, compared to the consensus estimate of $20.55 million. Giftify had a negative return on equity of 45.87% and a negative net margin of 12.06%.

Hedge Funds Weigh In On Giftify

A number of hedge funds have recently bought and sold shares of the business. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify during the first quarter worth approximately $142,000. Elevation Point Wealth Partners LLC acquired a new position in Giftify during the first quarter worth $100,000. Blair William & Co. IL raised 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 worth $101,000 after acquiring an additional 70,000 shares during the period. Finally, Susquehanna International Group LLP raised its position in Giftify by 62.1% during 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 during the period.

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.