Giftify, Inc. (NASDAQ:GIFT - Get Free Report) major shareholder Communications Int Interactive sold 17,610 shares of the business's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $0.93, for a total value of $16,377.30. Following the transaction, the insider owned 2,577,760 shares in the company, valued at approximately $2,397,316.80. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Giftify Trading Down 5.7%
Giftify stock opened at $0.90 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.50 and a current ratio of 0.82. The stock has a market cap of $27.86 million, a PE ratio of -2.14 and a beta of -1.45. The stock has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.07. Giftify, Inc. has a one year low of $0.85 and a one year high of $2.38.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of GIFT. Susquehanna International Group LLP lifted 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 worth $48,000 after purchasing an additional 17,234 shares during the period. Blair William & Co. IL raised its position 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 during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new stake in Giftify during the 3rd quarter valued at approximately $160,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Giftify in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of "Sell".
Get Our Latest Stock Analysis on GIFT
About Giftify
(
Get Free Report)
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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