Loyalty Ventures (NASDAQ:LYLT – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Loyalty Ventures (LYLT)
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