Brown Advisory Inc. Cuts Position in Cardlytics, Inc. (NASDAQ:CDLX)

Brown Advisory Inc. decreased its position in Cardlytics, Inc. (NASDAQ:CDLX) by 30.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,603 shares of the company’s stock after selling 51,000 shares during the quarter. Brown Advisory Inc. owned 0.23% of Cardlytics worth $214,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC purchased a new stake in shares of Cardlytics during the fourth quarter worth $43,000. Virtu Financial LLC purchased a new stake in shares of Cardlytics during the fourth quarter worth $62,000. Intech Investment Management LLC increased its position in shares of Cardlytics by 31.3% during the fourth quarter. Intech Investment Management LLC now owns 19,310 shares of the company’s stock worth $72,000 after acquiring an additional 4,607 shares during the period. Wells Fargo & Company MN increased its position in shares of Cardlytics by 46.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,106 shares of the company’s stock worth $78,000 after acquiring an additional 6,649 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Cardlytics during the fourth quarter worth $84,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Cardlytics Stock Performance

Shares of CDLX stock opened at $1.73 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.62. The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $2.27. The company has a market cap of $90.83 million, a P/E ratio of -0.49 and a beta of 1.21. Cardlytics, Inc. has a 12 month low of $1.22 and a 12 month high of $9.48.

Analysts Set New Price Targets

Separately, Lake Street Capital lowered their target price on shares of Cardlytics from $3.00 to $2.50 and set a “hold” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Cardlytics currently has a consensus rating of “Hold” and an average target price of $3.50.

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.