Cardlytics Inc (NASDAQ:CDLX) Director David Leslie Adams sold 23,750 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $58.75, for a total transaction of $1,395,312.50. Following the transaction, the director now directly owns 41,770 shares of the company’s stock, valued at approximately $2,453,987.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Cardlytics stock opened at $61.72 on Wednesday. The company has a market cap of $1.28 billion, a PE ratio of -28.84 and a beta of 1.71. The firm has a fifty day moving average price of $46.78 and a two-hundred day moving average price of $33.98. Cardlytics Inc has a fifty-two week low of $9.80 and a fifty-two week high of $61.98.

Cardlytics (NASDAQ:CDLX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.31. The company had revenue of $56.42 million for the quarter, compared to the consensus estimate of $50.02 million. Cardlytics had a negative net margin of 17.01% and a negative return on equity of 44.53%. The business’s revenue was up 63.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS. As a group, analysts forecast that Cardlytics Inc will post -1.01 earnings per share for the current year.

Several equities research analysts have recently issued reports on CDLX shares. Raymond James raised their price target on Cardlytics from $40.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Craig Hallum initiated coverage on Cardlytics in a research report on Monday. They set a “buy” rating and a $75.00 price objective for the company. Zacks Investment Research upgraded Cardlytics from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Monday, November 18th. ValuEngine lowered Cardlytics from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. downgraded Cardlytics from an “overweight” rating to a “neutral” rating and set a $58.00 price target on the stock. in a research report on Thursday, November 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Cardlytics has a consensus rating of “Buy” and a consensus price target of $48.86.

A number of hedge funds have recently added to or reduced their stakes in the stock. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Cardlytics in the 2nd quarter worth approximately $10,392,000. Bank of America Corp DE increased its position in shares of Cardlytics by 17.6% during the second quarter. Bank of America Corp DE now owns 338,915 shares of the company’s stock valued at $8,805,000 after purchasing an additional 50,621 shares during the period. Antipodean Advisors LLC bought a new stake in shares of Cardlytics during the second quarter valued at approximately $3,698,000. JPMorgan Chase & Co. increased its position in shares of Cardlytics by 177.9% during the second quarter. JPMorgan Chase & Co. now owns 199,301 shares of the company’s stock valued at $4,901,000 after purchasing an additional 127,596 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Cardlytics by 166.5% in the second quarter. Royal Bank of Canada now owns 10,643 shares of the company’s stock valued at $276,000 after purchasing an additional 6,649 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

Cardlytics Company Profile

Cardlytics, Inc operates a purchase intelligence platform in the United States and the United Kingdom. It operates in two segments, Cardlytics Direct and Other Platform Solutions. The company's platform is the Cardlytics Direct solution, a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels.

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Insider Buying and Selling by Quarter for Cardlytics (NASDAQ:CDLX)

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