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