In a report released today, Jason Kreyer from Craig-Hallum maintained a Hold rating on Cardlytics (CDLX – Research Report). The company’s shares closed yesterday at $8.49.
According to TipRanks, Kreyer is a 4-star analyst with an average return of 5.2% and a 48.61% success rate. Kreyer covers the Communication Services sector, focusing on stocks such as Stagwell, Magnite, and comScore.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cardlytics with a $12.50 average price target.
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Based on Cardlytics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $79.01 million and a GAAP net loss of $23.97 million. In comparison, last year the company earned a revenue of $72.71 million and had a net profit of $6.27 million
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Cardlytics (CDLX) Company Description:
Cardlytics, Inc. engages in the development of marketing solutions through its purchase intelligence platform. It operates through the Cardlytics Direct and Other Platform Solutions segments. The Cardlytics Direct segment represents its proprietary native bank advertising channel. The Other Platform Solutions segment includes solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded by Scott D. Grimes, Lynne M. Laube, and Hans Theisen on June 26, 2008 and is headquartered in Atlanta, GA.
Read More on CDLX:
- Cardlytics Announces Multi-Year Contract Renewal with Lloyds Bank Plc
- Kigo, an Augeo subsidiary, acquires Entertainment® to advance Open Loyalty™ innovation & elevate digital offer experiences
- Cardlytics initiated with a Buy at Lake Street
- Cardlytics trading resumes
- Cardlytics trading halted, volatility trading pause
