Evercore ISI Has Lowered Expectations for Cardlytics (NASDAQ:CDLX) Stock Price

Cardlytics (NASDAQ:CDLXFree Report) had its price target decreased by Evercore ISI from $4.00 to $3.00 in a research report sent to investors on Thursday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Separately, Needham & Company LLC restated a “hold” rating on shares of Cardlytics in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cardlytics presently has a consensus rating of “Hold” and a consensus price target of $6.42.

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Cardlytics Trading Up 19.3 %

Shares of CDLX stock opened at $2.47 on Thursday. Cardlytics has a 12-month low of $1.77 and a 12-month high of $20.52. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40. The firm’s 50 day moving average is $3.00 and its 200 day moving average is $3.49. The stock has a market capitalization of $125.53 million, a P/E ratio of -0.40 and a beta of 1.62.

Insiders Place Their Bets

In other Cardlytics news, CEO Amit Gupta sold 46,857 shares of Cardlytics stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total value of $159,313.80. Following the sale, the chief executive officer now directly owns 418,637 shares in the company, valued at approximately $1,423,365.80. The trade was a 10.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Alexis Desieno sold 24,778 shares of Cardlytics stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $84,245.20. Following the completion of the sale, the chief financial officer now owns 140,948 shares in the company, valued at approximately $479,223.20. This represents a 14.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,454 shares of company stock worth $391,864. Company insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Cardlytics

A number of institutional investors and hedge funds have recently made changes to their positions in CDLX. Atom Investors LP purchased a new position in shares of Cardlytics during the 3rd quarter worth about $33,000. Tallon Kerry Patrick bought a new stake in shares of Cardlytics in the 4th quarter valued at about $37,000. ProShare Advisors LLC bought a new stake in shares of Cardlytics in the 4th quarter valued at about $43,000. Intech Investment Management LLC bought a new position in shares of Cardlytics during the 3rd quarter worth approximately $47,000. Finally, Virtu Financial LLC bought a new position in shares of Cardlytics during the 4th quarter worth approximately $62,000. 68.10% of the stock is owned by hedge funds and other institutional investors.

About Cardlytics

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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.

Further Reading

Analyst Recommendations for Cardlytics (NASDAQ:CDLX)

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