Giftify (NASDAQ:GIFT – Get Free Report) was upgraded by research analysts at Zacks Research to a “hold” rating in a report issued on Thursday,Zacks.com reports.
Separately, Weiss Ratings reiterated 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
Get Our Latest Analysis on Giftify
Giftify Stock Down 2.5%
Giftify (NASDAQ:GIFT – Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $21.75 million for the quarter, compared to analysts’ expectations of $20.20 million. Giftify had a negative return on equity of 39.87% and a negative net margin of 10.32%. As a group, analysts forecast that Giftify will post -0.13 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Giftify
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake 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 last quarter. BlackRock Inc. acquired a new position in shares of Giftify in the 2nd quarter valued at $82,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Giftify in the 1st quarter valued at $100,000. Blair William & Co. IL grew its holdings in shares of 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 purchasing an additional 70,000 shares during the period. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in shares of Giftify during the 1st quarter worth $142,000.
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.
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