Cardlytics Inc (NASDAQ: CDLX) is -11.13% lower on its value in year-to-date trading and has touched a low of $2.57 and a high of $19.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CDLX stock was last observed hovering at around $8.60 in the last trading session, with the day’s loss setting it -0.41%.
Currently trading at $8.19, the stock is 9.21% and 15.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -4.83% at the moment leaves the stock -16.28% off its SMA200. CDLX registered 125.48% gain for a year compared to 6-month loss of -54.20%. The firm has a 50-day simple moving average (SMA 50) of $1.63 and a 200-day simple moving average (SMA200) of -$1.32.
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The stock witnessed a 30.96% gain in the last 1 month and extending the period to 3 months gives it a 1.05%, and is 10.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.35% over the week and 7.31% over the month.
Cardlytics Inc (CDLX) has around 501 employees, a market worth around $321.26M and $302.54M in sales. Profit margin for the company is -136.23%. Distance from 52-week low is 218.48% and -58.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.51%).
Cardlytics Inc quarterly earnings per share for the current quarter are estimated at $0.12 with sales reaching $89.55M over the same period.The EPS is expected to grow by 57.18% this year, but quarterly earnings will post 3.10% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.
177 institutions hold shares in Cardlytics Inc (CDLX), with institutional investors hold 78.90% of the company’s shares. The shares outstanding are 39.25M, and float is at 36.27M with Short Float at 12.01%. Institutions hold 75.63% of the Float.
The top institutional shareholder in the company is CAS Investment Partners, LLC with over 5.42 million shares valued at $34.23 million. The investor’s holdings represent 14.36% of the CDLX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 2.86 million shares valued at $18.05 million to account for 7.57% of the shares outstanding. The other top investors are 683 Capital Management LLC which holds 2.05 million shares representing 5.43% and valued at over $12.96 million, while Vanguard Group Inc holds 4.72% of the shares totaling 1.78 million with a market value of $11.25 million.
Cardlytics Inc (CDLX) Insider Activity
The most recent transaction is an insider sale by Temsamani Karim Saad, the company’s Chief Executive Officer. SEC filings show that Temsamani Karim Saad sold 34,515 shares of the company’s common stock on Mar 04 ’24 at a price of $7.89 per share for a total of $0.27 million. Following the sale, the insider now owns 0.33 million shares.
Cardlytics Inc disclosed in a document filed with the SEC on Jan 24 ’24 that Gupta Amit (Chief Operating Officer) sold a total of 72,658 shares of the company’s common stock. The trade occurred on Jan 24 ’24 and was made at $6.10 per share for $0.44 million. Following the transaction, the insider now directly holds 0.1 million shares of the CDLX stock.
Still, SEC filings show that on Jan 12 ’24, SOSIN CLIFFORD (10% Owner) disposed off 17,155 shares at an average price of $7.00 for $0.12 million. The insider now directly holds 5,361,961 shares of Cardlytics Inc (CDLX).
