Cardlytics, Inc. (NASDAQ:CDLX) Insider Nicholas Hollmeyer Lynton Sells 6,464 Shares

Cardlytics, Inc. (NASDAQ:CDLX) insider Nicholas Hollmeyer Lynton sold 6,464 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $3.67, for a total value of $23,722.88. Following the transaction, the insider now owns 91,771 shares of the company’s stock, valued at $336,799.57. This trade represents a 6.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cardlytics Trading Down 8.4 %

CDLX opened at $3.49 on Tuesday. 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 firm has a 50-day moving average price of $3.91 and a two-hundred day moving average price of $4.81. Cardlytics, Inc. has a 1-year low of $2.89 and a 1-year high of $20.52. The stock has a market capitalization of $177.37 million, a PE ratio of -0.57 and a beta of 1.53.

Cardlytics (NASDAQ:CDLX) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.18. Cardlytics had a negative return on equity of 110.67% and a negative net margin of 93.55%. The firm had revenue of $67.06 million during the quarter, compared to analysts’ expectations of $57.77 million. During the same period in the previous year, the business posted ($0.26) EPS. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that Cardlytics, Inc. will post -1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Cardlytics by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 135,924 shares of the company’s stock valued at $1,116,000 after buying an additional 18,179 shares during the period. Quest Partners LLC raised its position in shares of Cardlytics by 160.4% in the 2nd quarter. Quest Partners LLC now owns 17,956 shares of the company’s stock valued at $147,000 after acquiring an additional 11,061 shares during the period. ClariVest Asset Management LLC boosted its stake in Cardlytics by 48.7% during the 2nd quarter. ClariVest Asset Management LLC now owns 72,546 shares of the company’s stock worth $596,000 after acquiring an additional 23,746 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Cardlytics by 711.9% during the second quarter. Renaissance Technologies LLC now owns 351,035 shares of the company’s stock valued at $2,882,000 after purchasing an additional 307,800 shares during the period. Finally, Pekin Hardy Strauss Inc. bought a new stake in Cardlytics in the second quarter valued at approximately $243,000. Institutional investors and hedge funds own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CDLX. Evercore ISI assumed coverage on Cardlytics in a report on Friday, October 11th. They set an “in-line” rating and a $4.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a report on Thursday, November 7th. Finally, Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $6.92.

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.