Cardlytics' (CDLX) "Sell (E+)" Rating Reiterated at Weiss Ratings

Key Points

• Cardlytics' stock has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• Evercore ISI reduced the target price for Cardlytics from $3.00 to $2.00, with the consensus rating of the stock currently at "Hold" and an average price target of $2.25.
• Recently, CEO Amit Gupta sold 68,685 shares of the company at an average price of $1.12, reducing his stake by 12.26% and highlighting potential insider selling pressure.

Cardlytics (NASDAQ:CDLX - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Evercore ISI reduced their target price on shares of Cardlytics from $3.00 to $2.00 and set an "in-line" rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.25.

Cardlytics Trading Up 1.8%

NASDAQ:CDLX traded up $0.04 during trading hours on Wednesday, hitting $2.32. The company had a trading volume of 1,270,403 shares, compared to its average volume of 2,481,088. Cardlytics has a 52 week low of $0.85 and a 52 week high of $5.24. The company has a market capitalization of $123.52 million, a PE ratio of -0.64 and a beta of 1.45. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a 50-day moving average price of $1.58 and a 200 day moving average price of $1.73.

Insider Transactions at Cardlytics

In other news, CEO Amit Gupta sold 68,685 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $76,927.20. Following the sale, the chief executive officer owned 491,759 shares of the company's stock, valued at approximately $550,770.08. This trade represents a 12.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 159,335 shares of company stock valued at $204,204. 4.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cardlytics

A number of institutional investors have recently made changes to their positions in CDLX. 683 Capital Management LLC grew its position in Cardlytics by 18.3% during the first quarter. 683 Capital Management LLC now owns 1,550,000 shares of the company's stock valued at $2,821,000 after acquiring an additional 240,000 shares during the period. LPL Financial LLC lifted its stake in shares of Cardlytics by 30.3% in the first quarter. LPL Financial LLC now owns 859,406 shares of the company's stock worth $1,564,000 after acquiring an additional 200,087 shares in the last quarter. Lane Generational LLC lifted its stake in shares of Cardlytics by 28.0% in the second quarter. Lane Generational LLC now owns 780,083 shares of the company's stock worth $1,283,000 after acquiring an additional 170,480 shares in the last quarter. Landscape Capital Management L.L.C. lifted its stake in shares of Cardlytics by 17.9% in the first quarter. Landscape Capital Management L.L.C. now owns 400,000 shares of the company's stock worth $728,000 after acquiring an additional 60,836 shares in the last quarter. Finally, Brooktree Capital Management raised its stake in Cardlytics by 8.3% during the second quarter. Brooktree Capital Management now owns 242,249 shares of the company's stock valued at $398,000 after buying an additional 18,624 shares in the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

Cardlytics Company Profile

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.

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