Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) insider Nicholas Hollmeyer Lynton sold 3,377 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $3.19, for a total transaction of $10,772.63. Following the completion of the sale, the insider now directly owns 94,706 shares of the company's stock, valued at approximately $302,112.14. This trade represents a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Nicholas Hollmeyer Lynton also recently made the following trade(s):
- On Friday, January 3rd, Nicholas Hollmeyer Lynton sold 6,464 shares of Cardlytics stock. The stock was sold at an average price of $3.67, for a total transaction of $23,722.88.
Cardlytics Stock Down 3.2 %
NASDAQ:CDLX opened at $3.06 on Friday. The stock has a fifty day simple moving average of $3.64 and a 200-day simple moving average of $4.26. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40. The company has a market cap of $155.51 million, a price-to-earnings ratio of -0.50 and a beta of 1.53. Cardlytics, Inc. has a twelve month low of $2.76 and a twelve month high of $20.52.
Cardlytics (NASDAQ:CDLX - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.15) EPS for the quarter, topping analysts' consensus estimates of ($0.33) by $0.18. Cardlytics had a negative net margin of 93.55% and a negative return on equity of 110.67%. The business had revenue of $67.06 million for the quarter, compared to the consensus estimate of $57.77 million. During the same period in the prior year, the firm earned ($0.26) EPS. The company's revenue for the quarter was down 15.1% compared to the same quarter last year. Analysts anticipate that Cardlytics, Inc. will post -1.52 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Craig Hallum raised Cardlytics from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 6th. Evercore ISI began coverage on shares of Cardlytics in a research report on Friday, October 11th. They set an "in-line" rating and a $4.00 price objective for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of Cardlytics in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $6.92.
Read Our Latest Report on CDLX
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Check Capital Management Inc. CA lifted its holdings in shares of Cardlytics by 11.0% in the 4th quarter. Check Capital Management Inc. CA now owns 56,200 shares of the company's stock worth $209,000 after buying an additional 5,550 shares during the period. SG Americas Securities LLC raised its holdings in shares of Cardlytics by 38.2% in the fourth quarter. SG Americas Securities LLC now owns 19,490 shares of the company's stock valued at $72,000 after acquiring an additional 5,392 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in Cardlytics in the fourth quarter worth about $37,000. Sanctuary Advisors LLC purchased a new stake in Cardlytics in the third quarter worth about $82,000. Finally, Barclays PLC grew its holdings in Cardlytics by 223.9% during the 3rd quarter. Barclays PLC now owns 58,026 shares of the company's stock worth $186,000 after acquiring an additional 40,112 shares in the last quarter. 68.10% of the stock is currently owned by hedge funds and other institutional investors.
About Cardlytics
(
Get Free Report)
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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