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Home›Saving Investment›Cardlytics (NASDAQ: CDLX) overweight at Wells Fargo & Company

Cardlytics (NASDAQ: CDLX) overweight at Wells Fargo & Company

By Carl W. Ramos
April 19, 2021
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Cardlytics (NASDAQ: CDLX) has been upgraded by equity research analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report distributed to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a price target of $ 150.00 on the share. Wells Fargo & CompanyThe target stock price suggests a potential rise of 27.11% from the current stock price.

A number of other research companies have also recently published reports on CDLX. Craig Hallum upgraded Cardlytics shares from a “hold” rating to a “buy” rating and set a price target of $ 145.00 for the company in a report released Tuesday. William Blair downgraded Cardlytics shares from an “outperformance” rating to a “market performance” rating in a Thursday, January 14th report. They noted that the move was an appraisal call. JPMorgan Chase & Co. raised its price target on Cardlytics shares from $ 110.00 to $ 130.00 and rated the company “neutral” in a Monday March 22 report. Truist raised its price target on Cardlytics shares from $ 90.00 to $ 150.00 in a report on Monday, March 1. To finish, Zacks investment research cut Cardlytics shares from a “hold” note to a “sell” note in a report on Wednesday, February 10. A stock research analyst rated the stock with a sell rating, three issued a hold rating, and three assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $ 129.67.

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Cardlytics stock open for $ 118.01 Wednesday. The company has a debt to equity ratio of 1.14, a current ratio of 6.08, and a rapid ratio of 6.08. The company has a market cap of $ 3.75 billion, a price-to-earnings ratio of -70.24 and a beta of 2.63. Cardlytics has a one-year minimum of $ 38.00 and a one-year maximum of $ 161.47. The company’s fifty-day moving average price is $ 121.57 and its two hundred-day moving average price is $ 119.98.

Cardlytics (NASDAQ: CDLX) last released its results on Sunday, February 28. The company reported EPS of ($ 0.05) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.03) of ($ 0.02). The company posted revenue of $ 67.08 million for the quarter, compared to analysts’ estimates of $ 60.84 million. Cardlytics posted a negative return on equity of 31.98% and a negative net margin of 23.91%. The company’s quarterly revenue was down 3.2% from the same quarter last year. During the same period of the previous year, the company achieved earnings per share of $ 0.18. As a group, selling analysts expect Cardlytics to post earnings per share of -2.08 for the current year.

Similarly, director Scott D. Grimes sold 2,000 shares of the stock in a trade dated Friday, April 16. The shares were sold for an average price of $ 124.07, for a total value of $ 248,140.00. Following the closing of the sale, the director now owns 251,827 shares of the company, valued at $ 31,244,175.89. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, CFO Andrew Christiansen sold 250 shares of the stock in a trade dated Wednesday, April 14. The shares were sold for an average price of $ 119.00, for a total transaction of $ 29,750.00. Following the closing of the sale, the CFO now owns 16,597 shares of the company, valued at approximately $ 1,975,043. Disclosure of this sale can be found here. In the last quarter, insiders sold 50,256 shares of the company valued at $ 6,522,254. 6.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently changed their positions in the company. CVA Family Office LLC purchased a new position in Cardlytics during the fourth quarter valued at approximately $ 71,000. Capstone Triton Financial Group LLC acquired a new position in Cardlytics during the fourth quarter for a value of approximately $ 124,000. Nisa Investment Advisors LLC increased its stake in Cardlytics by 10.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company valued at $ 156,000 after purchasing an additional 100 shares during the period. Tudor Investment Corp Et Al purchased a new position in Cardlytics during the fourth quarter worth approximately $ 201,000. Finally, Walleye Trading LLC purchased a new position in Cardlytics during the fourth quarter valued at approximately $ 211,000. Hedge funds and other institutional investors hold 97.03% of the company’s shares.

About Cardlytics

Cardlytics, Inc operates an advertising platform within financial institutions digital channels that include online, mobile, email, and various real-time notifications in the US and UK. It offers the Cardlytics platform, a proprietary native banking advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels.

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Analyst Recommendations for Cardlytics (NASDAQ: CDLX)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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