Cardlytics (CDLX) Receives a Buy from Lake Street

In a report released today, Jacob Stephan from Lake Street reiterated a Buy rating on Cardlytics (CDLX – Research Report), with a price target of $18.00. The company’s shares closed yesterday at $14.60.

According to TipRanks, Stephan is a 4-star analyst with an average return of 11.3% and a 59.32% success rate. Stephan covers the Technology sector, focusing on stocks such as Stratasys, Markforged Holding, and 3D Systems.

Cardlytics has an analyst consensus of Strong Buy, with a price target consensus of $15.00, implying a 2.74% upside from current levels. In a report released today, Needham also reiterated a Buy rating on the stock with a $12.00 price target.

Based on Cardlytics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $89.17 million and a GAAP net loss of $100.84 million. In comparison, last year the company earned a revenue of $82.5 million and had a GAAP net loss of $378.28 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CDLX in relation to earlier this year.

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Cardlytics (CDLX) Company Description:

Cardlytics, Inc. engages in the development of marketing solutions through its purchase intelligence platform. It operates through the Cardlytics Direct and Other Platform Solutions segments. The Cardlytics Direct segment represents its proprietary native bank advertising channel. The Other Platform Solutions segment includes solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel. The company was founded by Scott D. Grimes, Lynne M. Laube, and Hans Theisen on June 26, 2008 and is headquartered in Atlanta, GA.