Stocks of Loyalty Ventures Inc. (NASDAQ:LYLT) traded higher last session on Wall Street, up 0.43% to $2.36.
According to the data, Loyalty Ventures Inc. (NASDAQ:LYLT) has 3 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $2.00, we find $4.00. Given the previous closing price of $2.35, this indicates a potential upside of 70.21 percent. LYLT stock price is now 23.59% away from the 50-day moving average and -57.91% away from the 200-day moving average. The market capitalization of the company currently stands at $51.61M.
A total of 1 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
With the price target of $16, Needham recently initiated with Buy rating for Loyalty Ventures Inc. (NASDAQ: LYLT). On February 25, 2022, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $26.
In other news, Rayner Barbara L, Director bought 1,000 shares of the company’s stock on May 18. The stock was bought for $11,615 at an average price of $11.62. Upon completion of the transaction, the Director now directly owns 6,795 shares in the company, valued at $16036.2. An SEC document containing details of the transaction can be found on the SEC’s website. On May 17, Director Rayner Barbara L bought 2,500 shares of the business’s stock. A total of $28,450 was incurred on buying the stock at an average price of $11.38. This leaves the insider owning 5,795 shares of the company worth $13676.2. Insiders disposed of 30,114 shares of company stock worth roughly $71069.04 over the past 1 year. A total of 19.51% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LYLT stock. A new stake in Loyalty Ventures Inc. shares was purchased by CASTLEKNIGHT MANAGEMENT LP during the first quarter worth $1,636,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $364,000 in shares of LYLT during the first quarter. In the first quarter, SCHONFELD STRATEGIC ADVISORS LLC acquired a new stake in Loyalty Ventures Inc. valued at approximately $272,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC acquired a new stake in LYLT for approximately $236,000. CREATIVE PLANNING purchased a new stake in LYLT valued at around $144,000 in the second quarter. In total, there are 221 active investors with 58.00% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $2.3800 for Loyalty Ventures Inc. (NASDAQ: LYLT). During the past 12 months, Loyalty Ventures Inc. has had a low of $0.71 and a high of $34.17. The fifty day moving average price for LYLT is $1.9096 and a two-hundred day moving average price translates $5.6068 for the stock.
The latest earnings results from Loyalty Ventures Inc. (NASDAQ: LYLT) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$17.95, missing analysts’ expectations of $0.2 by -18.15. This compares to $0.81 EPS in the same period last year. The net profit margin was -68.30% and return on equity was 399.70% for LYLT. The company reported revenue of $162.37 million for the quarter, compared to $169.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.07 percent. For the current quarter, analysts expect LYLT to generate $162.71M in revenue.
Loyalty Ventures Inc.(LYLT) Company Profile
Loyalty Ventures Inc. provides consumer loyalty solutions. The company owns and operates the AIR MILES Reward Program, an end-to-end loyalty platform; and BrandLoyalty, a campaign-based loyalty solution for grocers and other high-frequency retailers. It also offers marketing, customer, and rewards and redemption management services for sponsors. The company helps financial services providers, retailers, and other consumer-facing businesses to create and increase customer loyalty across various touchpoints. Loyalty Ventures Inc. was incorporated in 2021 and is based in Plano, Texas.