Equities Analysts Offer Predictions for Cardlytics Inc’s Q4 2019 Earnings (CDLX)

Cardlytics Inc (NASDAQ:CDLX) – Equities researchers at KeyCorp dropped their Q4 2019 earnings estimates for Cardlytics in a research note issued on Monday. KeyCorp analyst A. Hargreaves now expects that the company will post earnings per share of $0.02 for the quarter, down from their prior forecast of $0.03. KeyCorp currently has a “Overweight” rating and a $23.00 price target on the stock.

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CDLX has been the subject of several other research reports. Wells Fargo initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued an “outperform” rating and a $22.00 target price 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 target price 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 target price for the company. Finally, SunTrust Banks initiated coverage on shares of Cardlytics in a report on Tuesday, March 6th. They issued a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.40.

Shares of CDLX stock traded up $0.22 during mid-day trading on Wednesday, hitting $16.50. 109,005 shares of the stock traded hands, compared to its average volume of 214,081. Cardlytics has a 52 week low of $11.10 and a 52 week high of $20.99.

In related news, CEO Scott D. Grimes acquired 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $13.00 per share, for a total transaction of $33,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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About Cardlytics

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.

Earnings History and Estimates for Cardlytics (NASDAQ:CDLX)

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