Cardlytics, Inc. (NASDAQ:CDLX – Get Free Report) COO Amit Gupta sold 23,416 shares of Cardlytics stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $11.91, for a total transaction of $278,884.56. Following the completion of the transaction, the chief operating officer now owns 122,676 shares in the company, valued at approximately $1,461,071.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cardlytics Stock Performance
Shares of CDLX stock opened at $11.59 on Friday. The company’s fifty day simple moving average is $11.20 and its 200-day simple moving average is $9.65. Cardlytics, Inc. has a 52 week low of $4.94 and a 52 week high of $20.52. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.91. The company has a market cap of $558.05 million, a PE ratio of -3.35 and a beta of 1.44.
Cardlytics (NASDAQ:CDLX – Get Free Report) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.14) earnings per share (EPS) for the quarter. Cardlytics had a negative return on equity of 25.38% and a negative net margin of 43.56%. The firm had revenue of $89.17 million for the quarter.
Institutional Investors Weigh In On Cardlytics
Wall Street Analysts Forecast Growth
CDLX has been the topic of a number of research analyst reports. Craig Hallum upgraded shares of Cardlytics from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $18.00 in a report on Friday, March 15th. Lake Street Capital raised their target price on shares of Cardlytics from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Needham & Company LLC raised their target price on shares of Cardlytics from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th.
Check Out Our Latest Stock Analysis on CDLX
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.
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