Cardlytics, Inc. (NASDAQ:CDLX) CFO Alexis Desieno Sells 7,487 Shares

Cardlytics, Inc. (NASDAQ:CDLX) CFO Alexis Desieno sold 7,487 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $3.08, for a total transaction of $23,059.96. Following the completion of the transaction, the chief financial officer now owns 97,849 shares in the company, valued at $301,374.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cardlytics Trading Down 1.3 %

CDLX opened at $3.07 on Thursday. The firm’s fifty day moving average is $4.56 and its two-hundred day moving average is $8.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.77 and a current ratio of 1.77. Cardlytics, Inc. has a twelve month low of $2.89 and a twelve month high of $20.52. The firm has a market cap of $149.76 million, a PE ratio of -0.69 and a beta of 1.68.

Cardlytics (NASDAQ:CDLX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (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 company had revenue of $69.64 million during the quarter, compared to the consensus estimate of $75.39 million. During the same quarter in the prior year, the firm earned ($0.57) earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. Equities research analysts anticipate that Cardlytics, Inc. will post -1.72 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America lowered shares of Cardlytics from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $4.00 to $3.50 in a report on Thursday, August 15th. Lake Street Capital lowered shares of Cardlytics from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $5.00 in a report on Thursday, August 8th. Northland Capmk lowered shares of Cardlytics from a “strong-buy” rating to a “hold” rating in a report on Friday, August 16th. Northland Securities lowered shares of 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 report on Friday, August 16th. Finally, Craig Hallum lowered shares of Cardlytics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.

Institutional Investors Weigh In On Cardlytics

Several large investors have recently made changes to their positions in CDLX. Canton Hathaway LLC grew its stake in Cardlytics by 95.7% in the second quarter. Canton Hathaway LLC now owns 4,500 shares of the company’s stock valued at $37,000 after purchasing an additional 2,200 shares in the last quarter. XTX Topco Ltd bought a new position in Cardlytics in the second quarter valued at approximately $107,000. Banco Santander S.A. bought a new position in Cardlytics in the first quarter valued at approximately $199,000. Quest Partners LLC grew its stake in Cardlytics by 160.4% in the second quarter. Quest Partners LLC now owns 17,956 shares of the company’s stock valued at $147,000 after purchasing an additional 11,061 shares in the last quarter. Finally, Clear Street Markets LLC bought a new position in Cardlytics in the fourth quarter valued at approximately $199,000. Institutional investors own 68.10% of the company’s stock.

About Cardlytics

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.