Loyalty Ventures (NASDAQ:LYLT) Coverage Initiated at Needham & Company LLC

Analysts at Needham & Company LLC assumed coverage on shares of Loyalty Ventures (NASDAQ:LYLTGet Rating) in a research note issued on Friday, The Fly reports. The brokerage set a “buy” rating on the stock.

A number of other research firms have also recently weighed in on LYLT. Morgan Stanley lowered their price objective on Loyalty Ventures from $26.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, April 18th. Zacks Investment Research downgraded Loyalty Ventures from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th.

Shares of NASDAQ:LYLT opened at $11.14 on Friday. Loyalty Ventures has a 1-year low of $9.44 and a 1-year high of $98.95. The company has a debt-to-equity ratio of 5.25, a quick ratio of 0.86 and a current ratio of 1.02. The business has a fifty day moving average price of $13.32 and a 200-day moving average price of $22.27.

Loyalty Ventures (NASDAQ:LYLTGet Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.29). The company had revenue of $154.95 million during the quarter, compared to the consensus estimate of $173.56 million. The business’s revenue was down 12.2% compared to the same quarter last year. As a group, equities analysts anticipate that Loyalty Ventures will post 1.15 EPS for the current fiscal year.

In other news, Director Barbara L. Rayner acquired 2,500 shares of Loyalty Ventures stock in a transaction on Tuesday, May 17th. The shares were acquired at an average price of $11.38 per share, with a total value of $28,450.00. Following the purchase, the director now directly owns 5,795 shares in the company, valued at approximately $65,947.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in LYLT. Royal Bank of Canada bought a new stake in Loyalty Ventures in the 1st quarter worth approximately $45,000. Point72 Hong Kong Ltd bought a new stake in Loyalty Ventures in the 1st quarter worth approximately $54,000. Ensign Peak Advisors Inc bought a new stake in Loyalty Ventures in the 1st quarter worth approximately $109,000. Quantbot Technologies LP bought a new stake in Loyalty Ventures in the 1st quarter worth approximately $183,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Loyalty Ventures in the 1st quarter worth approximately $326,000. 77.27% of the stock is currently owned by institutional investors and hedge funds.

About Loyalty Ventures (Get Rating)

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.

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