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Cardlytics, Inc. (CDLX) operates a purchase intelligence platform in the United States and the United Kingdom.
It operates in two segments, Cardlytics Direct and Other Platform Solutions.
The company's platform is the Cardlytics Direct solution, a proprietary native bank advertising channel that enables marketers to reach consumers through their trusted and frequently visited online and mobile banking channels.
It also provides solutions that enable marketers and marketing service providers to leverage the power of purchase intelligence outside the banking channel.
Shares have formed a bullish "flag" following the company's latest quarterly report. On November 12th, Cardlytics reported a 3rd Quarter September 2019 loss of $0.29 per share on revenue of $56.4 million. The consensus estimate was a loss of $0.28 per share on revenue of $49.5 million. Revenue grew 63.1% on a year-over-year basis.
The company said it expects fourth quarter revenue of $55.0 million to $59.0 million. The previous revenue estimate is $55.8 million for the quarter ending December 31, 2019. Note the entry point.
Entry Point: $58.00
Stop Loss: $46.20
Trading Range: $9.80 to $59.59
Target Price: $63.75
CDLX closed at $64.00
