Cardlytics (NASDAQ:CDLX) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Cardlytics (NASDAQ:CDLX - Get Free Report) issued its earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.18, Briefing.com reports. Cardlytics had a negative return on equity of 93.64% and a negative net margin of 93.55%. The business had revenue of $67.06 million during the quarter, compared to analyst estimates of $57.77 million. During the same period in the previous year, the company posted ($0.26) EPS. Cardlytics's revenue was down 15.1% on a year-over-year basis. Cardlytics updated its Q4 2024 guidance to EPS.

Cardlytics Price Performance

Shares of Cardlytics stock traded up $0.30 on Friday, hitting $4.37. The company's stock had a trading volume of 1,752,101 shares, compared to its average volume of 726,140. The company has a market capitalization of $222.09 million, a price-to-earnings ratio of -0.72 and a beta of 1.61. The firm has a fifty day moving average price of $3.69 and a 200-day moving average price of $6.70. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.77 and a current ratio of 1.77. Cardlytics has a 1 year low of $2.89 and a 1 year high of $20.52.

Insider Activity

In related news, Director Scott A. Hill acquired 40,000 shares of Cardlytics stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $3.58 per share, for a total transaction of $143,200.00. Following the completion of the transaction, the director now owns 40,000 shares of the company's stock, valued at approximately $143,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Scott A. Hill acquired 40,000 shares of the business's stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $3.58 per share, for a total transaction of $143,200.00. Following the purchase, the director now owns 40,000 shares in the company, valued at approximately $143,200. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Amit Gupta sold 22,607 shares of Cardlytics stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $3.85, for a total value of $87,036.95. Following the completion of the sale, the chief executive officer now directly owns 178,519 shares in the company, valued at $687,298.15. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,573 shares of company stock worth $151,612 over the last three months. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Northland Securities cut shares of Cardlytics from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $7.00 to $5.00 in a research note on Friday, August 16th. Evercore ISI initiated coverage on Cardlytics in a research note on Friday, October 11th. They issued an "in-line" rating and a $4.00 target price for the company. Craig Hallum raised Cardlytics from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Northland Capmk lowered shares of Cardlytics from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 16th. Finally, Lake Street Capital cut shares of Cardlytics from a "buy" rating to a "hold" rating and reduced their target price for the stock from $18.00 to $5.00 in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cardlytics presently has a consensus rating of "Hold" and a consensus price target 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.