Brokerages Set Cardlytics, Inc. (NASDAQ:CDLX) PT at $6.42

Cardlytics, Inc. (NASDAQ:CDLX) has earned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.42.

A number of brokerages recently commented on CDLX. Lake Street Capital dropped their target price on Cardlytics from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Thursday, March 13th. Evercore ISI decreased their price objective 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 reiterated a “hold” rating on shares of Cardlytics in a research note on Thursday, March 13th.

Insider Buying and Selling at Cardlytics

In related news, CEO Amit Gupta sold 46,857 shares of Cardlytics stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total transaction of $159,313.80. Following the completion of the transaction, the chief executive officer now directly owns 418,637 shares in the company, valued at $1,423,365.80. The trade was a 10.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alexis Desieno sold 24,778 shares of the company’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 value of $84,245.20. Following the completion of the sale, the chief financial officer now directly owns 140,948 shares in the company, valued at approximately $479,223.20. The trade was a 14.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,172 shares of company stock valued at $313,759. 4.40% of the stock is owned by company insiders.

Institutional Trading of Cardlytics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDLX. Mirabella Financial Services LLP acquired a new stake in shares of Cardlytics during the 4th quarter worth about $4,285,000. D. E. Shaw & Co. Inc. boosted its position in Cardlytics by 97.4% during the fourth 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 last quarter. Geode Capital Management LLC grew its stake in Cardlytics by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,060,739 shares of the company’s stock worth $3,936,000 after acquiring an additional 7,561 shares during the period. RBF Capital LLC raised its holdings in Cardlytics by 64.7% in the 4th 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, Charles Schwab Investment Management Inc. raised its holdings in Cardlytics by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 402,552 shares of the company’s stock valued at $1,493,000 after acquiring an additional 12,209 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Cardlytics Price Performance

NASDAQ CDLX opened at $1.50 on Tuesday. The firm’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $3.17. The firm has a market capitalization of $78.13 million, a P/E ratio of -0.25 and a beta of 1.39. 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 12-month low of $1.22 and a 12-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.