Cardlytics Inc (NASDAQ:CDLX) insider Kirk Somers sold 2,591 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $15.67, for a total transaction of $40,600.97. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of CDLX stock traded up $0.13 during mid-day trading on Thursday, hitting $16.13. The stock had a trading volume of 124,100 shares, compared to its average volume of 203,231. Cardlytics Inc has a fifty-two week low of $9.80 and a fifty-two week high of $28.29. The stock has a market capitalization of $330.09 million and a PE ratio of -7.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.40 and a current ratio of 2.40.
Cardlytics (NASDAQ:CDLX) last released its earnings results on Tuesday, March 5th. The company reported ($0.06) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.37. Cardlytics had a negative net margin of 35.20% and a negative return on equity of 92.07%. Equities analysts forecast that Cardlytics Inc will post -1.88 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Cardlytics from a “hold” rating to a “sell” rating in a research note on Wednesday. SunTrust Banks reiterated a “buy” rating and set a $25.00 price target on shares of Cardlytics in a research note on Wednesday, March 6th. Finally, Bank of America upgraded shares of Cardlytics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.86.
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Cardlytics Company Profile
Cardlytics, Inc operates a purchase intelligence platform in the United States and the United Kingdom. It operates in two segments, Cardlytics Direct and Other Platform Solutions. The company's platform is the Cardlytics Direct solution, a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels.
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