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CDLX

Cardlytics

$22.56

0.77 (3.53%)

14:19
05/24/19
05/24
14:19
05/24/19
14:19

CAS Investment Partners reports 6.08% passive stake in Cardlytics

In a regulatory filing, CAS Investment Partners disclosed a 6.08% stake in Cardlytics, which represents about 1.37M shares. The filing does not allow for activism.

  • 03

    Jun

CDLX Cardlytics
$22.56

0.77 (3.53%)

12/13/18
RHCO
12/13/18
NO CHANGE
Target $27
RHCO
Buy
Cardlytics insider selling due to better than expected MAU growth, says SunTrust
SunTrust analyst Youssef Squali noted that Cardlytics has disclosed a series of triggered insider sales in recent days, but points out that a footnote to the filings makes clear that one of the criteria needed to trigger the accelerated vesting was that MAUs exceeded 85M for a given month. The analyst, who suspects that the period in question is November, noted that 85M MAUs hinted at in the filing tops his Q4 estimate of 63M and the consensus estimate of 64.4M. MAU growth creates more ad inventory and is a precursor to revenue growth, said Squali, who has a Buy rating and $27 price target on Cardlytics shares.
01/15/19
01/15/19
UPGRADE
Target $22

Buy
Cardlytics upgraded to Buy following guidance at BofA/Merrill
As previously reported, BofA/Merrill upgraded Cardlytics to Buy from Neutral and raised its price target to $22 from $18 following the positive Q4 preannouncment. Analyst Nat Schindler believes Cardlytics is beginning to reach scale with the user base and expects advertisers will continue to target its deep ad inventory. Schindler expects 2019 revenues to accelerate and sees long-term EBITDA margins of 25% as possible.

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