Cardlytics (CDLX) Announces Earnings Results, Beats Estimates By $0.31 EPS

Cardlytics (NASDAQ:CDLX) posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.61) by $0.31, Morningstar.com reports. Cardlytics had a negative return on equity of 84.02% and a negative net margin of 25.53%. The firm had revenue of $35.99 million during the quarter, compared to analyst estimates of $36.11 million. During the same period last year, the company earned ($0.35) earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.

NASDAQ:CDLX traded down $0.32 during trading hours on Friday, hitting $19.78. 172,203 shares of the company’s stock traded hands, compared to its average volume of 205,995. The firm has a market capitalization of $452.97 million, a price-to-earnings ratio of -9.24 and a beta of 3.36. Cardlytics has a 52 week low of $9.80 and a 52 week high of $28.29. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.37 and a current ratio of 2.37.

In related news, CFO David Thomas Evans sold 2,634 shares of Cardlytics stock in a transaction on Monday, March 18th. The stock was sold at an average price of $15.42, for a total transaction of $40,616.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kirk Somers sold 2,591 shares of Cardlytics stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $15.67, for a total value of $40,600.97. The disclosure for this sale can be found here. Insiders have sold 22,087 shares of company stock valued at $348,050 in the last three months.

A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in Cardlytics by 1.0% during the first quarter. Northern Trust Corp now owns 75,527 shares of the company’s stock valued at $1,249,000 after buying an additional 742 shares during the period. SG Americas Securities LLC lifted its stake in Cardlytics by 2.3% during the first quarter. SG Americas Securities LLC now owns 61,277 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,402 shares during the last quarter. BlackRock Inc. lifted its stake in Cardlytics by 0.4% during the fourth quarter. BlackRock Inc. now owns 422,718 shares of the company’s stock worth $4,578,000 after purchasing an additional 1,610 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Cardlytics by 6.7% during the first quarter. CIBC Private Wealth Group LLC now owns 37,745 shares of the company’s stock worth $624,000 after purchasing an additional 2,375 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Cardlytics by 0.9% during the fourth quarter. Bank of America Corp DE now owns 270,025 shares of the company’s stock worth $2,924,000 after purchasing an additional 2,471 shares during the last quarter. 73.34% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised Cardlytics from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, March 6th. ValuEngine lowered Cardlytics from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 23rd. SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 price target on shares of Cardlytics in a report on Wednesday, March 6th. Finally, KeyCorp raised their price target on Cardlytics from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Eight research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $22.71.

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About Cardlytics

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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Earnings History for Cardlytics (NASDAQ:CDLX)

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