Giftify (NASDAQ:GIFT) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Giftify (NASDAQ:GIFT) released its quarterly earnings results on Tuesday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02), FiscalAI reports. The business had revenue of $22.32 million during the quarter, compared to analysts’ expectations of $22.00 million. Giftify had a negative net margin of 10.32% and a negative return on equity of 39.87%.

Giftify Stock Performance

Shares of Giftify stock traded up $0.09 during trading hours on Tuesday, hitting $0.57. 8,584 shares of the company were exchanged, compared to its average volume of 124,240. Giftify has a 1 year low of $0.39 and a 1 year high of $1.29. The company has a current ratio of 1.02, a quick ratio of 0.58 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $0.66 and a 200-day moving average of $0.88. The stock has a market capitalization of $20.24 million, a price-to-earnings ratio of -1.98 and a beta of -1.51.

Wall Street Analyst Weigh In

A number of research firms have commented on GIFT. Zacks Research upgraded shares of Giftify to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research note on Friday, October 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Giftify Company Profile

Giftify, Inc (NASDAQ:GIFT) is a technology company that provides digital gift card, loyalty and customer-engagement solutions for shopping centers and retail destinations. Its platform is designed to help malls and other commercial properties issue and manage gift cards while encouraging visits and spending across participating retailers.

Giftify’s services include branded digital gift cards, rewards programs, promotional campaigns and tools that enable retailers and property owners to engage shoppers.