Cardlytics, Inc. (NASDAQ:CDLX) Receives Average Recommendation of “Hold” from Brokerages

Cardlytics, Inc. (NASDAQ:CDLX) has been assigned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.42.

Several analysts have issued reports on CDLX shares. Lake Street Capital cut their price objective on Cardlytics from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, March 13th. Evercore ISI reduced their target price on shares of Cardlytics from $4.00 to $3.00 and set an “in-line” rating for the company in a research note on Thursday, March 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a research note on Thursday, March 13th.

Insider Activity at Cardlytics

In other news, CEO Amit Gupta sold 46,857 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $159,313.80. Following the sale, the chief executive officer now owns 418,637 shares in the company, valued at $1,423,365.80. The trade was a 10.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alexis Desieno sold 24,778 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total value of $84,245.20. Following the completion of the sale, the chief financial officer now owns 140,948 shares of the company’s stock, valued at $479,223.20. The trade was a 14.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock valued at $313,759 over the last ninety days. Insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Cardlytics

A number of hedge funds have recently modified their holdings of CDLX. Tallon Kerry Patrick bought a new stake in shares of Cardlytics in the 4th quarter valued at approximately $37,000. ProShare Advisors LLC bought a new stake in Cardlytics in the 4th quarter valued at $43,000. Virtu Financial LLC acquired a new stake in Cardlytics during the fourth quarter worth about $62,000. BNP Paribas Financial Markets grew its holdings in shares of Cardlytics by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,745 shares of the company’s stock worth $63,000 after purchasing an additional 4,796 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Cardlytics by 38.2% in the 4th quarter. SG Americas Securities LLC now owns 19,490 shares of the company’s stock valued at $72,000 after buying an additional 5,392 shares during the period. 68.10% of the stock is owned by institutional investors and hedge funds.

Cardlytics Stock Down 4.7 %

CDLX stock opened at $1.41 on Tuesday. The company has a market capitalization of $73.44 million, a P/E ratio of -0.23 and a beta of 1.39. The firm has a 50 day simple moving average of $2.33 and a 200-day simple moving average of $3.21. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40. Cardlytics has a twelve month low of $1.22 and a twelve month high of $15.89.

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.