Giftify (NASDAQ:GIFT) Shares Up 1% – Still a Buy?

Giftify, Inc. (NASDAQ:GIFT) traded up 1% on Tuesday . The company traded as high as $0.94 and last traded at $0.9101. 14,981 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 36,546 shares. The stock had previously closed at $0.9010.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Giftify in a report on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Giftify Stock Performance

The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $0.92 and its 200 day moving average is $0.98. The company has a market cap of $31.04 million, a PE ratio of -2.84 and a beta of -1.37.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify in the 1st quarter valued at about $142,000. Elevation Point Wealth Partners LLC purchased a new stake in Giftify during the 1st quarter worth approximately $100,000. Blair William & Co. IL increased its stake in 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 buying an additional 70,000 shares in the last quarter. Finally, Susquehanna International Group LLP raised its holdings in shares of Giftify by 62.1% during the third 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 during the last quarter.

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.