Raymond James Maintains Their Hold Rating on Cardlytics (CDLX)
Raymond James analyst Aaron Kessler maintained a Hold rating on Cardlytics (CDLX) yesterday. The company’s shares closed last Tuesday at $128.06.
According to TipRanks.com, Kessler is a top 100 analyst with an average return of 28.2% and a 73.1% success rate. Kessler covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Alphabet Class C.
Cardlytics has an analyst consensus of Moderate Buy, with a price target consensus of $140.60.
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Based on Cardlytics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $67.08 million and GAAP net loss of $6.78 million. In comparison, last year the company earned revenue of $69.29 million and had a net profit of $3.43 million.
Based on the recent corporate insider activity of 121 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, 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.
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