|Over a week ago|
Cardlytics price target lowered to $35 from $47 at JPMorgan » 07:2706/2906/29/22
JPMorgan analyst Doug…
JPMorgan analyst Doug Anmuth lowered the firm's price target on Cardlytics to $35 from $47 and keeps a Neutral rating on the shares. The analyst reduced estimates and price targets on 26 companies across his interest coverage universe based on macro pressures, currency moves and company-specific dynamics. The overall macro environment has deteriorated since Q1 earnings with inflation reaching a 40-year high in May, fuel costs up 45% since early February, Chase credit card data indicating slowing consumer spending and lower consumer confidence, Anmuth tells investors in a research note. Additionally, JPMorgan models suggest a 66% chance of recession over the next two years and an 83% chance over the next three years, says the analyst. Anmuth believes the Internet sector continues to have secular growth, but adds that it is far more mature than in 2008-2009, and the ability to offset broader, macro trends is more limited. However, he thinks buy-side expectations and many equity prices "already reflect a softer macro environment." Amazon (AMZN), Booking Holdings (BKNG) and Uber Technologies (UBER) remain his best ideas.
|Over a month ago|
Cardlytics announces $40M stock repurchase program » 17:1205/1005/10/22
Cardlytics "announced that its Board of Directors has approved the repurchase of up to an aggregate of $40.0 million of its Common Stock. The repurchase program is expected to continue through the end of the current fiscal year unless extended or shortened by the Board of Directors."
Cardlytics price target lowered to $50 from $70 at Craig-Hallum » 08:2305/0305/03/22
Craig-Hallum analyst Jason Kreyer lowered the firm's price target on Cardlytics to $50 from $70 and keeps a Buy rating on the shares following quarterly results. The analyst notes volatility remains high, and despite ups and downs over the course of the quarter, Cardlytics delivered strong results and a solid guide. The company's visibility into billions of consumer spending indicated that consumer activity slowed in late March, with just a modest recovery in April. That said, the company saw no fundamental impact to its business as a pullback in discretionary spending may push customers to couponing or discounting solutions, right in the Cardlytics wheelhouse, Kreyer adds. Given the recent pullback in the shares, the analyst believes expectations are quite low given the company's exposure to consumer purchasing patterns.
Cardlytics price target lowered to $60 from $85 at Needham » 07:2205/0305/03/22
Needham analyst Kyle…
Needham analyst Kyle Peterson lowered the firm's price target on Cardlytics to $60 from $85 to reflect lower market valuations for high-growth tech stocks but keeps a Buy rating on the shares. The company's Q1 results topped estimates on billings and revenue as advertising budgets in travel/entertainment and grocery/gas came in strong, the analyst tells investors in a research note. Peterson adds that the quarter "more than offset" softness in the restaurant vertical due to supply chain issues and labor shortages, also noting that Cardlytics' Q2 outlook was "solid".
Cardlytics sees Q2 revenue $73M-$80M, consensus $74.7M 19:1205/0205/02/22
Cardlytics reports Q1 EPS (38c), consensus (55c) » 19:1105/0205/02/22
Reports Q1 revenue…
Reports Q1 revenue $67.9M, consensus $64.7M. Cardlytics MAUs were 178.5 million, an increase of 6%, compared to 168.6 million in the first quarter of 2021. Cardlytics ARPU was $0.36, an increase of 13%, compared to $0.32 in the first quarter of 2021. Bridg ARR was $14.0 million in the first quarter of 2022. "We had our largest Q1 ever and delivered results above our expectations," said Lynne Laube, CEO & Co-Founder of Cardlytics. "Our sales team executed against plan despite a difficult macroeconomic environment, and we continue to drive performance related outcomes for our advertising clients."
Fly Intel: After-Hours Movers » 19:1005/0205/02/22
HLIT, CDLX, CAR, TA, VNOM, MPWR, SANM, IPI, EXPE, ANET, MGM, CHGG, EVER, VRNS, HAYW, FN, JJSF, FRPT, MOS, FLS, CLX, KAMN
Check out this evening's…
Cardlytics appoints Singer as Chief Product Officer » 09:1104/2104/21/22
Cardlytics (CDLX) announced the appointment of Jose Singer as its Chief Product Officer. Beginning May 16, Singer will succeed Michael Akkerman and lead Cardlytics' overall product strategy, including the evolution and expansion of its advertising platform capabilities and user interface. Singer joins Cardlytics from Nextdoor (KIND) where he served as Head of Product for business and agency solutions.
|Over a quarter ago|
Wells Fargo starts Cardlytics at Overweight, sees sustained top-line momentum » 16:5504/0404/04/22
Wells Fargo analyst Jeff…
Wells Fargo analyst Jeff Cantwell initiated coverage of Cardlytics with an Overweight rating and $72 price target. The analyst is positive on the company's positioning and strategy, stating that it is well positioned for strong top-line growth in FY22 and FY23 thanks to further recovery across its verticals and strong execution. Cardlytics' improving EBITDA profile is also expected to serve as a "nice ongoing catalyst", Cantwell adds.
Crypto.com Visa Cards enters partnership with Cardlytics » 11:1803/3003/30/22
Crypto.com Visa Cards…
Crypto.com Visa Cards will now offer even more rewards through a new partnership with Cardlytics. Cardholders in the U.S. can earn up to 10 percent back in bonus rewards in addition to their existing Crypto.com Visa Card rewards. All U.S.-based cardholders are automatically enrolled in the program. The partnership with Cardlytics will give cardholders access to rewards at top retailers, including brands such as Adidas, Costco, H&M, Office Depot, Sam's Club and Shake Shack.