Fintel reports that on June 18, 2024, Northland Capital Markets initiated coverage of Cardlytics (NasdaqGM:CDLX) with a Outperform recommendation.
Analyst Price Forecast Suggests 98.78% Upside
As of June 12, 2024, the average one-year price target for Cardlytics is 16.32. The forecasts range from a low of 12.12 to a high of $18.90. The average price target represents an increase of 98.78% from its latest reported closing price of 8.21.
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The projected annual revenue for Cardlytics is 402MM, an increase of 28.69%. The projected annual non-GAAP EPS is -3.42.
What is the Fund Sentiment?
There are 301 funds or institutions reporting positions in Cardlytics. This is an increase of 28 owner(s) or 10.26% in the last quarter. Average portfolio weight of all funds dedicated to CDLX is 0.22%, an increase of 30.37%. Total shares owned by institutions increased in the last three months by 21.58% to 38,177K shares. 
The put/call ratio of CDLX is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
CAS Investment Partners holds 6,374K shares representing 13.07% ownership of the company. In its prior filing, the firm reported owning 5,416K shares , representing an increase of 15.02%. The firm increased its portfolio allocation in CDLX by 37.16% over the last quarter.
683 Capital Management holds 1,997K shares representing 4.09% ownership of the company. In its prior filing, the firm reported owning 1,535K shares , representing an increase of 23.15%. The firm increased its portfolio allocation in CDLX by 82.91% over the last quarter.
KPS Global Asset Management UK holds 1,219K shares representing 2.50% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,174K shares representing 2.41% ownership of the company. In its prior filing, the firm reported owning 1,145K shares , representing an increase of 2.47%. The firm increased its portfolio allocation in CDLX by 47.07% over the last quarter.
Worldly Partners Management holds 1,158K shares representing 2.37% ownership of the company. No change in the last quarter.
Cardlytics Background Information
(This description is provided by the company.)
Cardlytics is a digital advertising platform. Cardlytics partners with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, Cardlytics has a secure view into where and when consumers are spending their money. Cardlytics uses these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, San Francisco and Visakhapatnam.
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