D. E. Shaw & Co. Inc. Acquires 558,235 Shares of Cardlytics, Inc. (NASDAQ:CDLX)

D. E. Shaw & Co. Inc. raised its holdings in shares of Cardlytics, Inc. (NASDAQ:CDLX) by 97.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,131,505 shares of the company’s stock after purchasing an additional 558,235 shares during the period. D. E. Shaw & Co. Inc. owned 2.23% of Cardlytics worth $4,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CDLX. Mirabella Financial Services LLP bought a new position in shares of Cardlytics during the fourth quarter valued at approximately $4,285,000. Rangeley Capital LLC bought a new position in shares of Cardlytics during the fourth quarter valued at approximately $1,187,000. RBF Capital LLC increased its stake in shares of Cardlytics by 64.7% during the fourth quarter. RBF Capital LLC now owns 803,763 shares of the company’s stock valued at $2,982,000 after purchasing an additional 315,635 shares in the last quarter. Natixis bought a new position in shares of Cardlytics during the fourth quarter valued at approximately $462,000. Finally, Bridgeway Capital Management LLC bought a new stake in shares of Cardlytics during the fourth quarter valued at approximately $416,000. Institutional investors own 68.10% of the company’s stock.

Cardlytics Trading Up 3.5%

NASDAQ:CDLX opened at $2.06 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.40. Cardlytics, Inc. has a 12 month low of $1.22 and a 12 month high of $9.85. The company has a market cap of $108.15 million, a PE ratio of -0.34 and a beta of 1.30. The company has a 50 day simple moving average of $1.81 and a two-hundred day simple moving average of $2.90.

Insiders Place Their Bets

In other news, CEO Amit Gupta sold 46,857 shares of Cardlytics stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $3.40, for a total transaction of $159,313.80. Following the transaction, the chief executive officer now owns 418,637 shares in the company, valued at $1,423,365.80. This trade represents a 10.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Alexis Desieno sold 24,778 shares of Cardlytics stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $3.40, for a total transaction of $84,245.20. Following the transaction, the chief financial officer now owns 140,948 shares in the company, valued at $479,223.20. This represents a 14.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,938 shares of company stock valued at $244,017. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CDLX. Lake Street Capital reduced their price target on shares of Cardlytics from $3.00 to $2.50 and set a “hold” rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Cardlytics in a research report on Thursday, March 13th. Finally, Evercore ISI reduced their price target on shares of Cardlytics from $4.00 to $3.00 and set an “in-line” rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.20.

Cardlytics Profile

Cardlytics, Inc operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing.