Cardlytics Under Scrutiny: Investors May Have Legal Claims Following Stock Plunge

Law Offices of Howard G. Smith has initiated an investigation for investors of Cardlytics, Inc. (“Cardlytics” or the “Company”) CDLX regarding potential violations of federal securities laws.

DID YOU SUFFER FINANCIAL LOSSES IN CARDLYTICS, INC. (CDLX)? REACH OUT TO THE LAW OFFICES OF HOWARD G. SMITH TO EXPLORE YOUR OPTIONS FOR RECOVERY.

You can contact the Law Offices of Howard G. Smith via email at [email protected], call (215) 638-4847, or visit our website at www.howardsmithlaw.com for more information.

Overview of the Situation

On August 7, 2024, Cardlytics announced its second quarter 2024 financial results, which fell short of market expectations. The Company cited “slower-than-anticipated billings growth” and “higher consumer incentives” as contributing factors. They also mentioned experiencing “delivery issues” along with significant changes to their technology platform that affected the delivery of advertiser budgets.

Following this announcement, Cardlytics’ stock price dropped by $3.94, a staggering 57.1%, closing at $2.96 per share on August 8, 2024, significantly impacting investors.

Get Involved or Find Out More

If you purchased securities from Cardlytics, have relevant information, or seek details about potential claims, please reach out to us:

Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: [email protected]
Visit our website: www.howardsmithlaw.com.

This announcement may be regarded as Attorney Advertising in certain jurisdictions in accordance with applicable laws and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250114448980/en/

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
[email protected]
www.howardsmithlaw.com