Cardlytics, Inc. (NASDAQ:CDLX) Given Average Rating of “Hold” by Analysts

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

Several brokerages recently issued reports on CDLX. Needham & Company LLC restated a “hold” rating on shares of Cardlytics in a report on Thursday, March 13th. Lake Street Capital decreased their price objective on Cardlytics from $5.00 to $3.00 and set a “hold” rating for the company in a research note on Thursday, March 13th. Finally, Evercore ISI lowered 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.

Insider Activity

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

Institutional Investors Weigh In On Cardlytics

A number of hedge funds and other institutional investors have recently modified their holdings of CDLX. Mirabella Financial Services LLP purchased a new position in shares of Cardlytics during the 4th quarter worth approximately $4,285,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Cardlytics by 97.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,131,505 shares of the company’s stock worth $4,198,000 after acquiring an additional 558,235 shares during the period. Rangeley Capital LLC purchased a new position in Cardlytics during the fourth quarter worth approximately $1,187,000. RBF Capital LLC boosted its holdings in Cardlytics by 64.7% in the fourth quarter. RBF Capital LLC now owns 803,763 shares of the company’s stock valued at $2,982,000 after acquiring an additional 315,635 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Cardlytics in the 4th quarter valued at about $535,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Cardlytics Price Performance

NASDAQ:CDLX opened at $1.41 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $73.44 million, a PE ratio of -0.23 and a beta of 1.39. The stock has a 50 day moving average price of $2.33 and a 200 day moving average price of $3.21. Cardlytics has a one year low of $1.22 and a one year 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.