Cardlytics (CDLX) Projected to Post Quarterly Earnings on Wednesday

Cardlytics (NASDAQ:CDLX - Get Free Report) is anticipated to post its Q4 2024 quarterly earnings results after the market closes on Wednesday, March 12th. Analysts expect Cardlytics to post earnings of ($0.24) per share and revenue of $63.63 million for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

Cardlytics Trading Up 4.8 %

Cardlytics stock traded up $0.10 during trading hours on Thursday, reaching $2.08. 5,930,317 shares of the company's stock were exchanged, compared to its average volume of 1,100,090. The firm's 50 day simple moving average is $3.06 and its 200 day simple moving average is $3.51. Cardlytics has a twelve month low of $1.77 and a twelve month high of $20.52. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $105.46 million, a PE ratio of -0.34 and a beta of 1.62.

Analyst Ratings Changes

A number of research firms have issued reports on CDLX. Evercore ISI cut their price target on Cardlytics from $4.00 to $3.00 and set an "in-line" rating on the stock in a report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of Cardlytics in a research note on Thursday. 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. According to data from MarketBeat.com, Cardlytics presently has an average rating of "Hold" and a consensus target price of $6.75.

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Insider Buying and Selling at Cardlytics

In other Cardlytics news, CFO Alexis Desieno sold 24,778 shares of Cardlytics stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $84,245.20. Following the transaction, the chief financial officer now owns 140,948 shares of the company's stock, valued at $479,223.20. This trade represents a 14.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amit Gupta sold 46,857 shares of the 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 $159,313.80. Following the sale, the chief executive officer now directly owns 418,637 shares of the company's stock, valued at $1,423,365.80. The trade was a 10.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,454 shares of company stock worth $391,864. Insiders own 4.40% of the company's stock.

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.