Craig-Hallum analyst Jason Kreyer maintained a Hold rating on Cardlytics (CDLX – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $8.04.
Kreyer covers the Communication Services sector, focusing on stocks such as Stagwell, Integral Ad Science, and comScore. According to TipRanks, Kreyer has an average return of 9.5% and a 54.95% success rate on recommended stocks.
Cardlytics has an analyst consensus of Moderate Buy, with a price target consensus of $11.67.
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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
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CDLX in relation to earlier this year.
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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 Successful Resolution of SRS Dispute and Preliminary Fourth Quarter 2023 Results
- Cardlytics sees Q4 revenue $89M-$90M, consensus $84.7M
- Cardlytics announces resolution of SRS dispute
- Cardlytics files $100M mixed securities shelf
- Cardlytics Appoints Two New Members to its Board of Directors
