Cardlytics Inc (NASDAQ:CDLX) has earned an average broker rating score of 1.50 (Buy) from the six brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and four have given a strong buy recommendation to the company.
Analysts have set a 1 year consensus price objective of $22.17 for the company and are predicting that the company will post ($0.33) earnings per share for the current quarter, according to Zacks. Zacks has also given Cardlytics an industry rank of 207 out of 265 based on the ratings given to related companies.
CDLX has been the subject of a number of research reports. SunTrust Banks initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued a “buy” rating and a $25.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued an “overweight” rating and a $23.00 price objective for the company. Bank of America initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued a “neutral” rating and a $19.00 price objective for the company. Wells Fargo & Co initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, KeyCorp initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued an “overweight” rating and a $23.00 price objective for the company.
In related news, CEO Scott D. Grimes purchased 2,600 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $13.00 per share, with a total value of $33,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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Cardlytics, Inc is engaged in developing a purchase intelligence platform. The Company delivers relevant and measurable marketing analysis with purchase data from over financial institutions. The purchase data includes debit, credit, and bill pay data from online and in-store transactions. It helps the marketers identify, reach and influence likely buyers at scale, and measure the impact of marketing spends.
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