Cardlytics (NASDAQ:CDLX) Reports Quarterly Earnings Results

Cardlytics (NASDAQ:CDLX) announced its quarterly earnings on Wednesday, revealing a loss of ($0.15) per share (EPS). This result surpassed analysts' expectations, which anticipated a larger loss of ($0.33) by $0.18, according to Briefing.com. The company recorded a significant negative net margin of 50.21% and a negative return on equity of 17.96%. For the quarter, Cardlytics generated revenue of $67.06 million, exceeding analyst predictions of $57.77 million. When compared to the same period last year, where the company reported an EPS loss of ($0.26), this year’s results reflect a year-over-year revenue decline of 15.1%. Furthermore, Cardlytics updated its guidance for the fourth quarter of 2024, providing insights on anticipated earnings per share.

Cardlytics Share Price Movement

On Friday, Cardlytics shares saw a boost, climbing 7.4% to reach $4.37. A total of 1,752,101 shares exchanged hands, which is higher than the average volume of 1,242,283 shares. The stock has experienced a volatility range, with a one-year low of $2.89 and a high of $20.52. Currently, the company holds a current ratio of 1.77, a quick ratio of 1.77, and a debt-to-equity ratio of 1.01. Over the past 50 days, the stock has maintained a simple moving average of $3.69, while the 200-day average stands at $6.70. As it currently stands, Cardlytics has a market capitalization of $217.80 million, with a price-to-earnings ratio at -1.14, and a beta value of 1.61.

Recent Analyst Ratings

Insider Trading Activity

In insider trading news, CEO Amit Gupta sold 22,607 shares of Cardlytics stock on October 24th for an average price of $3.85. This sale amounted to a total of $87,036.95. Following this transaction, Gupta now owns 178,519 shares valued at approximately $687,298.15, representing no change in his ownership percentage. This transaction was documented in a filing with the SEC. Additionally, Director Scott A. Hill purchased 40,000 shares on August 12th for an average price of $3.58 per share, totaling $143,200. Following this transaction, Hill holds 40,000 shares valued at $143,200. Over the past three months, insiders have sold 43,573 shares for a total of $151,612, and corporate insiders now own 4.40% of the company’s shares.

Overview of Cardlytics

Cardlytics, Inc. operates an advertising platform in the United States and the United Kingdom. Its main service is the Cardlytics platform, a proprietary native bank advertising channel. This platform allows marketers to connect with customers through digital channels such as online platforms, mobile applications, email, and various real-time notifications. Additionally, Cardlytics offers the Bridg platform, which leverages point-of-sale data for analytics and targeted loyalty marketing while providing tools to measure marketing effectiveness.

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