Cardlytics, Inc. (NASDAQ:CDLX) Given Consensus Recommendation of "Hold" by Analysts

Shares of Cardlytics, Inc. (NASDAQ:CDLX - Get Free Report) have received a consensus rating of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.42.

A number of research analysts recently commented on the company. Needham & Company LLC reissued a "hold" rating on shares of Cardlytics in a research note on Thursday, March 13th. Lake Street Capital lowered their price target on shares of Cardlytics from $5.00 to $3.00 and set a "hold" rating for the company in a report on Thursday, March 13th. Finally, Evercore ISI cut their price objective on Cardlytics from $4.00 to $3.00 and set an "in-line" rating on the stock in a research report on Thursday, March 13th.

Cardlytics Price Performance

NASDAQ:CDLX remained flat at $1.50 during mid-day trading on Tuesday. 1,186,923 shares of the company traded hands, compared to its average volume of 1,015,818. Cardlytics has a 12 month low of $1.22 and a 12 month high of $15.89. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market cap of $78.13 million, a P/E ratio of -0.25 and a beta of 1.39. The firm's 50-day moving average is $2.19 and its 200-day moving average is $3.16.

Insider Buying and Selling

In other news, CFO Alexis Desieno sold 24,778 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total value of $84,245.20. Following the transaction, the chief financial officer now directly owns 140,948 shares in the company, valued at $479,223.20. The trade was a 14.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amit Gupta sold 46,857 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total value of $159,313.80. Following the completion of the transaction, the chief executive officer now directly owns 418,637 shares of the company's stock, valued at approximately $1,423,365.80. This trade represents a 10.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,172 shares of company stock valued at $313,759. Company insiders own 4.40% of the company's stock.

Institutional Trading of Cardlytics

A number of institutional investors have recently bought and sold shares of the stock. Mirabella Financial Services LLP purchased a new stake in shares of Cardlytics in the fourth quarter worth approximately $4,285,000. D. E. Shaw & Co. Inc. increased its stake in Cardlytics by 97.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,131,505 shares of the company's stock worth $4,198,000 after purchasing an additional 558,235 shares during the period. Rangeley Capital LLC bought a new stake in shares of Cardlytics during the fourth quarter worth $1,187,000. RBF Capital LLC boosted its stake in shares of Cardlytics by 64.7% during the fourth quarter. RBF Capital LLC now owns 803,763 shares of the company's stock valued at $2,982,000 after purchasing an additional 315,635 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Cardlytics in the fourth quarter worth about $535,000. 68.10% of the stock is currently owned by institutional investors.

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.