Loyalty Ventures (LYLT) to Release Quarterly Earnings on Thursday

Loyalty Ventures (NASDAQ:LYLTGet Rating) is scheduled to announce its earnings results after the market closes on Thursday, August 11th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Loyalty Ventures Stock Performance

Loyalty Ventures stock opened at $2.97 on Thursday. The business’s 50-day simple moving average is $5.18 and its 200 day simple moving average is $14.38. Loyalty Ventures has a 12-month low of $2.76 and a 12-month high of $98.95. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 5.25.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LYLT shares. Morgan Stanley decreased their price target on Loyalty Ventures from $10.00 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 20th. Needham & Company LLC started coverage on Loyalty Ventures in a report on Friday, June 3rd. They issued a “buy” rating and a $16.00 price target on the stock.

Insider Activity

In other Loyalty Ventures news, Director Barbara L. Rayner acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, May 17th. The shares were acquired at an average price of $11.38 per share, for a total transaction of $28,450.00. Following the acquisition, the director now directly owns 5,795 shares of the company’s stock, valued at approximately $65,947.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Loyalty Ventures

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Engine Capital Management LP acquired a new stake in Loyalty Ventures in the 1st quarter valued at approximately $4,637,000. Neuberger Berman Group LLC acquired a new stake in Loyalty Ventures in the 1st quarter valued at approximately $2,191,000. Penn Capital Management Company LLC acquired a new stake in Loyalty Ventures in the 1st quarter valued at approximately $2,128,000. Alyeska Investment Group L.P. acquired a new stake in Loyalty Ventures in the 1st quarter valued at approximately $1,216,000. Finally, Jane Street Group LLC acquired a new position in shares of Loyalty Ventures during the 1st quarter worth approximately $724,000. Institutional investors and hedge funds own 77.27% of the company’s stock.

Loyalty Ventures Company Profile

(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.

Read More

Want More Great Investing Ideas?

Receive News & Ratings for Loyalty Ventures Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loyalty Ventures and related companies with MarketBeat.com's FREE daily email newsletter.