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

Cardlytics, Inc. (NASDAQ:CDLX) insider Nicholas Hollmeyer Lynton sold 6,464 shares of Cardlytics stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $3.67, for a total value of $23,722.88. Following the completion of the transaction, the insider now owns 91,771 shares of the company’s stock, valued at $336,799.57. The trade was a 6.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Cardlytics Trading Down 1.4 %

NASDAQ CDLX opened at $3.44 on Wednesday. The firm’s fifty day moving average price is $3.90 and its 200 day moving average price is $4.78. Cardlytics, Inc. has a 12 month low of $2.89 and a 12 month high of $20.52. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $174.83 million, a price-to-earnings ratio of -0.56 and a beta of 1.53.

Cardlytics (NASDAQ:CDLX) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.15) earnings per share (EPS) 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 company had revenue of $67.06 million for the quarter, compared to analyst estimates of $57.77 million. During the same quarter last year, the company posted ($0.26) earnings per share. The business’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, sell-side analysts expect that Cardlytics, Inc. will post -1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cardlytics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDLX. Sanctuary Advisors LLC purchased a new position in shares of Cardlytics during the third quarter worth approximately $82,000. Barclays PLC boosted its stake in Cardlytics by 223.9% during the 3rd quarter. Barclays PLC now owns 58,026 shares of the company’s stock worth $186,000 after purchasing an additional 40,112 shares during the period. Geode Capital Management LLC grew its position in Cardlytics by 7.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,053,178 shares of the company’s stock worth $3,371,000 after purchasing an additional 73,484 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Cardlytics in the third quarter valued at $63,000. Finally, RBF Capital LLC raised its holdings in shares of Cardlytics by 311.9% in the third quarter. RBF Capital LLC now owns 488,128 shares of the company’s stock valued at $1,562,000 after buying an additional 369,620 shares during the last quarter. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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