Giftify (NASDAQ:GIFT) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Giftify (NASDAQ:GIFT) to a hold rating in a research report released on Thursday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a research report on Monday, July 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Giftify has an average rating of “Reduce”.

Giftify Price Performance

Shares of GIFT stock opened at $0.88 on Thursday. The stock’s 50-day moving average is $0.92 and its 200 day moving average is $0.96. Giftify has a 1-year low of $0.74 and a 1-year high of $1.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.02 and a quick ratio of 0.60. The company has a market cap of $31.08 million, a P/E ratio of -3.25 and a beta of -1.35.

Giftify (NASDAQ:GIFT) last announced its earnings results on Monday, August 3rd. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $21.75 million during the quarter, compared to the consensus estimate of $20.20 million. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%. Research analysts predict that Giftify will post -0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Giftify

Several institutional investors have recently added to or reduced their stakes in the business. Blair William & Co. IL grew its stake in shares of 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 last quarter. Susquehanna International Group LLP raised its position in shares of Giftify by 62.1% in the 3rd 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 during the last quarter. Henrickson Nauta Wealth Advisors Inc. acquired a new stake in Giftify in the 1st quarter worth approximately $142,000. Elevation Point Wealth Partners LLC acquired a new stake in Giftify in the 1st quarter worth approximately $100,000. Finally, BlackRock Inc. purchased a new stake in Giftify during the 2nd quarter worth approximately $82,000.

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.