Cardlytics Inc (CDLX) Insider Kirk Somers Sells 2,591 Shares
Cardlytics Inc (NASDAQ:CDLX) insider Kirk Somers sold 2,591 shares of the company’s stock in a transaction that occurred 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 can be accessed through the SEC website.
CDLX traded up $0.13 during trading on Thursday, hitting $16.13. 124,100 shares of the company’s stock were exchanged, compared to its average volume of 203,231. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.90. Cardlytics Inc has a 1 year low of $9.80 and a 1 year high of $28.29. The company has a market cap of $330.09 million and a P/E ratio of -7.54.
Cardlytics (NASDAQ:CDLX) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the 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%. Research analysts anticipate that Cardlytics Inc will post -1.88 earnings per share for the current year.
Several brokerages recently commented on CDLX. Zacks Investment Research raised shares of Cardlytics from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, March 6th. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price target on shares of Cardlytics in a research report on Wednesday, March 6th. Finally, Bank of America raised shares of Cardlytics from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Tuesday, January 15th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Cardlytics presently has an average rating of “Buy” and an average target price of $22.86.
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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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