Cardlytics Inc (NASDAQ: CDLX) is 47.67% higher on its value in year-to-date trading and has touched a low of $2.59 and a high of $20.52 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CDLX stock was last observed hovering at around $20.25 in the last trading session, with the day’s loss setting it -6.65%.
Currently trading at $13.60, the stock is 28.27% and 64.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.2 million and changing -32.84% at the moment leaves the stock 34.12% off its SMA200. CDLX registered 409.36% gain for a year compared to 6-month loss of -5.56%. The firm has a 50-day simple moving average (SMA 50) of $2.51 and a 200-day simple moving average (SMA200) of -$7.82.
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The stock witnessed a 91.55% gain in the last 1 month and extending the period to 3 months gives it a 55.61%, and is -3.55% down 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 17.99% over the week and 11.63% over the month.
Cardlytics Inc (CDLX) has around 434 employees, a market worth around $599.90M and $309.20M in sales. Profit margin for the company is -43.56%. Distance from 52-week low is 425.10% and -33.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.78%).
Cardlytics Inc quarterly earnings per share for the current quarter are estimated at -$0.12 with sales reaching $71.69M over the same period.The EPS is expected to grow by 65.04% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.
Cardlytics Inc (CDLX) Top Institutional Holders
177 institutions hold shares in Cardlytics Inc (CDLX), with institutional investors hold 71.35% of the company’s shares. The shares outstanding are 44.11M, and float is at 40.76M with Short Float at 10.69%. Institutions hold 68.71% 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 purchase by SOSIN CLIFFORD,the company’s10% Owner. SEC filings show that SOSIN CLIFFORD bought 350,000 shares of the company’s common stock on Mar 19 ’24 at a price of $14.16 per share for a total of $4.96 million. Following the purchase, the insider now owns 6.37 million shares.
Cardlytics Inc disclosed in a document filed with the SEC on Mar 18 ’24 that SOSIN CLIFFORD (10% Owner) bought a total of 350,000 shares of the company’s common stock. The trade occurred on Mar 18 ’24 and was made at $13.40 per share for $4.69 million. Following the transaction, the insider now directly holds 6.02 million shares of the CDLX stock.
Still, SEC filings show that on Mar 15 ’24, SOSIN CLIFFORD (10% Owner) acquired 311,715 shares at an average price of $13.71 for $4.27 million. The insider now directly holds 5,673,676 shares of Cardlytics Inc (CDLX).
