During the last session, Cardlytics Inc (NASDAQ:CDLX)’s traded shares were 0.53 million, with the beta value of the company hitting 1.54. At the end of the trading day, the stock’s price was $3.93, reflecting an intraday gain of 3.42% or $0.13. The 52-week high for the CDLX share is $20.52, that puts it down -422.14 from that peak though still a striking 26.46% gain since the share price plummeted to a 52-week low of $2.89. The company’s market capitalization is $199.74M, and the average intraday trading volume over the past 10 days was 0.86 million shares, and the average trade volume was 807.57K shares over the past three months.
Cardlytics Inc (CDLX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.17. CDLX has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.2.
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Cardlytics Inc (NASDAQ:CDLX) trade information
Cardlytics Inc (CDLX) registered a 3.42% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.42% in intraday trading to $3.93, hitting a weekly high. The stock’s 5-day price performance is 16.27%, and it has moved by 3.97% in 30 days. Based on these gigs, the overall price performance for the year is -49.87%. The short interest in Cardlytics Inc (NASDAQ:CDLX) is 7.1 million shares and it means that shorts have 11.41 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 1.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.5 and $17 respectively. As a result, CDLX is trading at a discount of -332.57% off the target high and 10.94% off the low.
Cardlytics Inc (CDLX) estimates and forecasts
Statistics show that Cardlytics Inc has underperformed its competitors in share price, compared to the industry in which it operates. Cardlytics Inc (CDLX) shares have gone down -58.19% during the last six months, with a year-to-date growth rate less than the industry average at -109.68% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 29.31% this quarter and then drop -136.11% in the quarter after that. In the rating firms’ projections, revenue will decrease -13.35% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 63.45M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 61.87M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 89.17M and 67.61M respectively. In this case, analysts expect current quarter sales to shrink by -28.84% and then drop by -8.49% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.75%. While earnings are projected to return -10.30% in 2024, the next five years will return 44.10% per annum.
CDLX Dividends
Cardlytics Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cardlytics Inc (NASDAQ:CDLX)’s Major holders
Cardlytics Inc insiders own 5.14% of total outstanding shares while institutional holders control 61.57%, with the float percentage being 64.91%. CAS INVESTMENT PARTNERS, LLC is the largest shareholder of the company, while 158.0 institutions own stock in it. As of 2024-06-30, the company held over 6.46 million shares (or 14.9483% of all shares), a total value of $53.08 million in shares.
The next largest institutional holding, with 3.15 million shares, is of BLACKROCK INC.’s that is approximately 7.2876% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $25.88 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cardlytics Inc (CDLX) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.13 shares. This amounts to just over 2.23 percent of the company’s overall shares, with a $4.46 million market value. The same data shows that the other fund manager holds slightly less at 1.06, or about 2.08% of the stock, which is worth about $4.15 million.
