Insider Selling: Cardlytics, Inc. (NASDAQ:CDLX) Insider Sells $18,282.88 in Stock

Cardlytics, Inc. (NASDAQ:CDLX) insider Nicholas Hollmeyer Lynton sold 5,936 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $3.08, for a total value of $18,282.88. Following the transaction, the insider now owns 85,445 shares of the company’s stock, valued at approximately $263,170.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Cardlytics Trading Up 7.5 %

Shares of NASDAQ:CDLX opened at $3.29 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $160.50 million, a price-to-earnings ratio of -0.74 and a beta of 1.67. Cardlytics, Inc. has a 1-year low of $2.89 and a 1-year high of $20.52. The company has a 50 day moving average price of $4.24 and a 200 day moving average price of $8.41.

Cardlytics (NASDAQ:CDLX) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.12. The business had revenue of $69.64 million during the quarter, compared to analyst estimates of $75.39 million. Cardlytics had a negative return on equity of 17.96% and a negative net margin of 50.21%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the company posted ($0.57) EPS. On average, research analysts anticipate that Cardlytics, Inc. will post -1.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Cardlytics

A number of institutional investors have recently bought and sold shares of CDLX. SG Americas Securities LLC purchased a new stake in Cardlytics during the third quarter valued at about $45,000. Marshall Wace LLP raised its holdings in shares of Cardlytics by 6.8% during the second quarter. Marshall Wace LLP now owns 814,281 shares of the company’s stock valued at $6,685,000 after acquiring an additional 52,081 shares during the period. XTX Topco Ltd purchased a new stake in shares of Cardlytics in the 2nd quarter valued at approximately $107,000. Pekin Hardy Strauss Inc. acquired a new position in Cardlytics in the 2nd quarter worth approximately $243,000. Finally, Renaissance Technologies LLC boosted its stake in Cardlytics by 711.9% in the 2nd quarter. Renaissance Technologies LLC now owns 351,035 shares of the company’s stock worth $2,882,000 after purchasing an additional 307,800 shares during the period. Hedge funds and other institutional investors own 68.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CDLX shares. Northland Securities downgraded Cardlytics from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $7.00 to $5.00 in a research report on Friday, August 16th. Northland Capmk downgraded Cardlytics from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 16th. Craig Hallum downgraded Cardlytics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Bank of America cut Cardlytics from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $4.00 to $3.50 in a research report on Thursday, August 15th. Finally, Needham & Company LLC lowered Cardlytics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.50.

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.