Cardlytics (NASDAQ:CDLX) Releases Earnings Results, Beats Expectations By $0.10 EPS

Cardlytics (NASDAQ:CDLX) released its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10, FiscalAI reports. Cardlytics had a negative net margin of 44.12% and a negative return on equity of 235.70%. The firm had revenue of $56.10 million for the quarter, compared to the consensus estimate of $54.46 million.

Cardlytics Stock Up 8.5%

Shares of CDLX traded up $0.07 on Wednesday, hitting $0.90. 690,586 shares of the stock traded hands, compared to its average volume of 777,857. The company has a market capitalization of $48.65 million, a PE ratio of -0.43, a P/E/G ratio of 0.13 and a beta of 1.03. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day simple moving average of $1.07 and a 200 day simple moving average of $1.37. Cardlytics has a one year low of $0.75 and a one year high of $3.28.

Insider Transactions at Cardlytics

In other Cardlytics news, CEO Amit Gupta sold 52,049 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $0.90, for a total transaction of $46,844.10. Following the sale, the chief executive officer directly owned 704,803 shares in the company, valued at approximately $634,322.70. This trade represents a 6.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 117,875 shares of company stock valued at $113,022. Corporate insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Cardlytics

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. lifted its stake in Cardlytics by 38.1% during the 4th quarter. Invesco Ltd. now owns 170,122 shares of the company’s stock valued at $196,000 after acquiring an additional 46,973 shares during the period. XTX Topco Ltd raised its holdings in shares of Cardlytics by 143.5% during the second quarter. XTX Topco Ltd now owns 85,971 shares of the company’s stock valued at $141,000 after purchasing an additional 50,663 shares during the last quarter. Voleon Capital Management LP bought a new position in Cardlytics during the third quarter valued at approximately $127,000. Goldman Sachs Group Inc. boosted its holdings in Cardlytics by 15.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 109,001 shares of the company’s stock worth $125,000 after purchasing an additional 14,273 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in Cardlytics during the 3rd quarter valued at $104,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CDLX. Wall Street Zen cut shares of Cardlytics from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Cardlytics in a research note on Monday, December 29th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $2.25.

Cardlytics Company Profile

Cardlytics, Inc operates a purchase intelligence and marketing platform that connects advertisers with consumers through bank and credit card transaction data. The company partners with financial institutions to analyze anonymized purchase information, enabling brands to deliver highly targeted offers and rewards directly to customers’ online and mobile banking channels. By leveraging real-time insights into consumer spending habits, Cardlytics helps marketers optimize campaign performance and measure return on ad spend more accurately than traditional digital advertising methods.

At the core of Cardlytics’ offering is its proprietary purchase intelligence engine, which aggregates and anonymizes transaction data from partner banks and credit unions.