Cardlytics Inc (NASDAQ: CDLX) stock jumped 1.81% on Monday to $7.89 against a previous-day closing price of $7.75. With 0.87 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.81 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $8.36 whereas the lowest price it dropped to was $7.57. The 52-week range on CDLX shows that it touched its highest point at $19.57 and its lowest point at $2.57 during that stretch. It currently has a 1-year price target of $12.00. Beta for the stock currently stands at 1.65.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CDLX was up-trending over the past week, with a rise of 6.77%, but this was down by -32.45% over a month. Three-month performance dropped to -42.03% while six-month performance rose 38.42%. The stock gained 75.33% in the past year, while it has gained 36.51% so far this year. A look at the trailing 12-month EPS for CDLX yields -12.25 with Next year EPS estimates of -2.00. For the next quarter, that number is -0.39. This implies an EPS growth rate of 90.52% for this year and -51.52% for next year. EPS is expected to grow by 44.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -47.93%.
Float and Shares Shorts:
At present, 39.25 million CDLX shares are outstanding with a float of 36.35 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.79 million, which was 9.82% higher than short shares on Sep 28, 2023. In addition to Mr. Karim Temsamani as the firm’s CEO & Director, Mr. Nick Lynton serves as its Chief Legal & Privacy Officer and Secretary.
Institutional Ownership:
Through their ownership of 85.94% of CDLX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.04% of CDLX, in contrast to 29.24% held by mutual funds. Shares owned by individuals account for 22.16%. As the largest shareholder in CDLX with 14.36% of the stake, CAS Investment Partners LLC holds 5,416,116 shares worth 5,416,116. A second-largest stockholder of CDLX, BlackRock Fund Advisors, holds 2,296,419 shares, controlling over 6.09% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CDLX, holding 1,981,638 shares or 5.25% stake. With a 3.03% stake in CDLX, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,144,674 shares are owned by the mutual fund manager. The iShares Russell 2000 ETF, which owns about 2.09% of CDLX stock, is the second-largest Mutual Fund holder. It holds 788,885 shares valued at 9.77 million. Vanguard Extended Market Index Fu holds 1.44% of the stake in CDLX, owning 541,197 shares worth 6.71 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CDLX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CDLX analysts setting a high price target of $12.00 and a low target of $12.00, the average target price over the next 12 months is $12.00. Based on these targets, CDLX could surge 52.09% to reach the target high and rise by 52.09% to reach the target low. Reaching the average price target will result in a growth of 52.09% from current levels.
Summary of Insider Activity:
Insiders traded CDLX stock several times over the past three months with 6 Buys and 10 Sells. In these transactions, 413,890 shares were bought while 208,300 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 616,451 while 270,455 shares were sold.
