We recently compiled a list of the 10 Best Penny Stocks Under $1 According to Hedge Funds.
Cardlytics, Inc. (NASDAQ:CDLX) is among the best penny stocks
TheFly reported on May 8 that Lake Street reduced its price target on CDLX to $1.25 from $1.50 while reiterating a Hold rating, citing a reset in expectations following the company’s first-quarter guidance and ongoing uncertainty tied to recent business changes. Cardlytics, Inc. (NASDAQ:CDLX) reported its first-quarter 2026 results on May 7 for the period ended March 31, 2026. Revenue totaled $34.3 million, down 39% from $56.4 million a year earlier.
Billings reached $58.1 million, a 37% decline from $92.1 million. Adjusted contribution came in at $19.7 million, down 28% year over year from $27.3 million. The company recorded a net loss of $4.5 million, or $0.08 per diluted share, improving from a $13.3 million loss, or $0.26 per share.