Cardlytics, Inc. (NASDAQ:CDLX – Get Free Report) insider Nicholas Hollmeyer Lynton sold 5,936 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $3.08, for a total value of $18,282.88. Following the completion of the transaction, the insider now owns 85,445 shares of the company’s stock, valued at $263,170.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Cardlytics Stock Up 7.5 %
Shares of Cardlytics stock opened at $3.29 on Friday. Cardlytics, Inc. has a twelve month low of $2.89 and a twelve month high of $20.52. The stock has a market cap of $160.50 million, a price-to-earnings ratio of -0.74 and a beta of 1.67. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $4.35 and a 200 day moving average price of $8.52.
Cardlytics (NASDAQ:CDLX – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.12. The company had revenue of $69.64 million during the quarter, compared to the consensus estimate of $75.39 million. Cardlytics had a negative return on equity of 17.96% and a negative net margin of 50.21%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.57) earnings per share. Equities research analysts forecast that Cardlytics, Inc. will post -1.72 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
CDLX has been the subject of a number of research analyst reports. Needham & Company LLC downgraded shares of Cardlytics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Bank of America downgraded shares of Cardlytics from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $4.00 to $3.50 in a report on Thursday, August 15th. Northland Capmk downgraded shares of Cardlytics from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 16th. Craig Hallum cut shares of Cardlytics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Northland Securities lowered Cardlytics from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $7.00 to $5.00 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.50.
Read Our Latest Stock Report on Cardlytics
Cardlytics Company Profile
Cardlytics, Inc operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing.
See Also
- Five stocks we like better than Cardlytics
- How to Capture the Benefits of Dividend Increases
- The Outlook for Interest Rate Cuts Got Blown Out of the Water
- Stock Splits, Do They Really Impact Investors?
- 3 High-Risk, High-Reward Micro-Cap Stocks You Shouldn’t Ignore
- What Are Dividend Achievers? An Introduction
- 3 Bargain Stocks Positioned for Gains After Missing 2024’s Rally
Receive News & Ratings for Cardlytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardlytics and related companies with MarketBeat.com's FREE daily email newsletter.