RBF Capital LLC Increases Stake in Cardlytics, Inc. (NASDAQ:CDLX)

RBF Capital LLC lifted its holdings in Cardlytics, Inc. (NASDAQ:CDLX - Free Report) by 64.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 803,763 shares of the company's stock after purchasing an additional 315,635 shares during the period. RBF Capital LLC owned about 1.58% of Cardlytics worth $2,982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mirabella Financial Services LLP purchased a new stake in Cardlytics during the 4th quarter valued at approximately $4,285,000. Rangeley Capital LLC purchased a new position in Cardlytics during the fourth quarter valued at $1,187,000. Natixis bought a new stake in Cardlytics in the 4th quarter valued at $462,000. Geode Capital Management LLC lifted its stake in Cardlytics by 7.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,053,178 shares of the company's stock worth $3,371,000 after purchasing an additional 73,484 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Cardlytics during the 4th quarter valued at about $157,000. Hedge funds and other institutional investors own 68.10% of the company's stock.

Cardlytics Trading Down 6.3 %

Shares of NASDAQ CDLX traded down $0.10 during trading hours on Monday, hitting $1.42. 704,546 shares of the company traded hands, compared to its average volume of 1,014,569. The company's 50 day moving average price is $1.99 and its 200 day moving average price is $3.10. Cardlytics, Inc. has a 12 month low of $1.22 and a 12 month high of $15.89. The stock has a market capitalization of $73.83 million, a price-to-earnings ratio of -0.23 and a beta of 1.39. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40.

Wall Street Analyst Weigh In

CDLX has been the subject of a number of research reports. Lake Street Capital dropped their price target on Cardlytics from $5.00 to $3.00 and set a "hold" rating for the company in a research note on Thursday, March 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cardlytics in a report on Thursday, March 13th. Finally, Evercore ISI reduced their price target on shares of Cardlytics from $4.00 to $3.00 and set an "in-line" rating on the stock in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cardlytics presently has a consensus rating of "Hold" and an average price target of $6.42.

Insiders Place Their Bets

In other news, CFO Alexis Desieno sold 24,778 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total transaction of $84,245.20. Following the transaction, the chief financial officer now owns 140,948 shares of the company's stock, valued at approximately $479,223.20. This represents a 14.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Amit Gupta sold 46,857 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total value of $159,313.80. Following the completion of the sale, the chief executive officer now owns 418,637 shares in the company, valued at approximately $1,423,365.80. The trade was a 10.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,315 shares of company stock valued at $254,789 over the last three months. 4.40% of the stock is owned by company insiders.

About Cardlytics

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.