Cardlytics, Inc. (NASDAQ:CDLX – Get Free Report) insider Nicholas Hollmeyer Lynton sold 5,936 shares of Cardlytics stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $3.08, for a total value of $18,282.88. Following the transaction, the insider now directly owns 85,445 shares in the company, valued at approximately $263,170.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Cardlytics Stock Performance
Shares of CDLX opened at $3.29 on Friday. The firm has a market cap of $160.50 million, a price-to-earnings ratio of -0.74 and a beta of 1.67. The company’s fifty day moving average is $4.24 and its 200-day moving average is $8.41. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 1.01. Cardlytics, Inc. has a 12 month low of $2.89 and a 12 month high of $20.52.
Cardlytics (NASDAQ:CDLX – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.12. Cardlytics had a negative net margin of 50.21% and a negative return on equity of 17.96%. The firm had revenue of $69.64 million for the quarter, compared to the consensus estimate of $75.39 million. During the same period in the prior year, the business posted ($0.57) earnings per share. The business’s quarterly revenue was down 9.2% on a year-over-year basis. Equities analysts expect that Cardlytics, Inc. will post -1.72 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
CDLX has been the topic of a number of research analyst reports. Bank of America downgraded shares of Cardlytics from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $4.00 to $3.50 in a research report on Thursday, August 15th. Lake Street Capital cut shares of Cardlytics from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $5.00 in a report on Thursday, August 8th. 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 Cardlytics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Northland Securities lowered Cardlytics from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $7.00 to $5.00 in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.50.
Get Our Latest Stock Analysis on CDLX
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.
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