Cardlytics
CDLX

$8.83

5.5%

Market Cap: 431M

About: Cardlytics Inc operates an advertising platform within financial institutions' digital channels, which include online, mobile, email, and various real-time notifications. The company operates through segments namely, Cardlytics platform in the U.S. and U.K., and the Bridg platform. The Cardlytics platform segment which generates key revenue, operates a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels. The Bridg platform generates revenue through the sale of subscriptions to the cloud-based customer-data platform and the delivery of professional services like implementation, onboarding, and technical support. The company receives maximum revenue from the United States.

Employees: 444

Information Technology Computer Programming, Data Processing, Etc.

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 10 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

117% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 18

92% more capital invested

Capital invested by funds: $269M [Q4 2023] → $516M (+$247M) [Q1 2024]

64% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 33

50% more funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 9 (+3) [Q1 2024]

17% more funds holding

Funds holding: 123 [Q4 2023] → 144 (+21) [Q1 2024]

6.42% more ownership

Funds ownership: 74.36% [Q4 2023] → 80.79% (+6.42%) [Q1 2024]

23% less call options, than puts

Call options by funds: $17.2M | Put options by funds: $22.3M

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Research analyst outlook

10 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$11

25%

upside

Avg. target

$14.10

60%

upside

High target

$18

104%

upside

10 analyst ratings

9 positive

90%

1 neutral

10%

0 negative

0%

B of A Securities Omar Dessouky	25%upside $11	Neutral Reinstated	20 Jun 2024
Northland Capital Markets Luke Horton	59%upside $14	Outperform Initiated	18 Jun 2024
Needham Kyle Peterson	36%upside $12	Buy Reiterated	11 Jun 2024
Craig-Hallum Jason Kreyer	36%upside $12	Buy Maintained	9 May 2024
Needham Kyle Peterson	36%upside $12	Buy Maintained	9 May 2024

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Financial journalist opinion

Cardlytics Announces Timing of Its Second Quarter 2024 Earnings Release

ATLANTA, July 24, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that its second quarter ended June 30, 2024 financial results will be released on August 7, 2024, after market close. The results will be discussed via conference call at 5:00 PM (ET) / 2:00 PM (PT).

Cardlytics Announces Timing of Its Second Quarter 2024 Earnings Release

The Motley Fool

Why Cardlytics Stock Collapsed on Thursday

Cardlytics beat on earnings but missed on sales last night. Investors appear to be overreacting -- but actually, they're justified considering the size of Cardlytics' Q1 loss.

Why Cardlytics Stock Collapsed on Thursday

Why Is Cardlytics (CDLX) Stock Down 29% Today?

Cardlytics (NASDAQ: CDLX ) stock is falling on Thursday after the advertising platform operator released its earnings report for the first quarter of 2024. That earnings report starts with revenue of $67.61 million for the quarter.

Why Is Cardlytics (CDLX) Stock Down 29% Today?

Cardlytics, Inc. (CDLX) Q1 2024 Earnings Call Transcript

Cardlytics, Inc. (NASDAQ:CDLX ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Nick Lynton - Chief, Legal and Privacy Officer Karim Temsamani - CEO Alexis DeSieno - CFO Conference Call Participants Kyle Peterson - Needham Jason Kreyer - Craig Hallum Jacob Stephan - Lake Street Capital Markets Operator Good day and thank you for standing by. Welcome to the Cardlytics Earnings Conference Call.

Cardlytics, Inc. (CDLX) Q1 2024 Earnings Call Transcript

Cardlytics Announces First Quarter 2024 Financial Results

ATLANTA, May 08, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), a digital advertising platform, today announced financial results for the first quarter ended March 31, 2024.

Cardlytics Announces First Quarter 2024 Financial Results

Cardlytics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

ATLANTA, May 02, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), an advertising platform in banks' digital channels, today announced that, on May 1, 2024, the Compensation Committee of Cardlytics' Board of Directors granted an aggregate of 38,500 restricted stock units of Cardlytics to five newly hired employees. The restricted stock units were granted as material inducements to employment with Cardlytics in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted under the Cardlytics, Inc. 2022 Inducement Plan (the “2022 Inducement Plan”).

Cardlytics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

The Power Of Cardlytics' Data Partnerships Including Bank of America

Cardlytics recently appointed Liane Hornsey to its Board of Directors, which could attract new investors and accelerate hiring and productivity.

The Power Of Cardlytics' Data Partnerships Including Bank of America

Liane Hornsey Appointed to Cardlytics Board of Directors

ATLANTA, April 09, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), a digital advertising platform, is excited to announce the appointment of Liane Hornsey to its Board of Directors. In connection with her appointment to the Board of Directors, Hornsey was also appointed to the Board's Compensation Committee, and she will assume the role of Compensation Committee Chairperson upon Cardlytics' upcoming Annual Meeting of Stockholders in May 2024.

Liane Hornsey Appointed to Cardlytics Board of Directors

The Motley Fool

Why Cardlytics Stock Skyrocketed 75% Last Month

Cardlytics stock skyrocketed because its business showed improved trends. The company then refinanced some of its debt at a higher rate, which troubled investors.

Why Cardlytics Stock Skyrocketed 75% Last Month

Cardlytics Prices $150.0 Million Convertible Senior Notes Offering

ATLANTA, March 26, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX) (“Cardlytics”), an advertising platform in banks' digital channels, today announced the pricing of its offering of $150.0 million aggregate principal amount of 4.25% convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on April 1, 2024, subject to customary closing conditions. Cardlytics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $22.5 million aggregate principal amount of notes.

Cardlytics Prices $150.0 Million Convertible Senior Notes Offering

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