Iclick Interactive Asia Group (ICLK) Lifted to “Buy” at Val…

ValuEngine upgraded shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a hold rating to a buy rating in a report issued on Tuesday.

Separately, Zacks Investment Research downgraded Iclick Interactive Asia Group from a buy rating to a hold rating in a report on Wednesday, October 24th.

Shares of ICLK opened at $5.81 on Tuesday. Iclick Interactive Asia Group has a one year low of $2.72 and a one year high of $8.70.

Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings results on Wednesday, November 28th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $42.59 million during the quarter, compared to the consensus estimate of $41.54 million. Iclick Interactive Asia Group had a negative return on equity of 8.74% and a negative net margin of 20.72%. As a group, research analysts predict that Iclick Interactive Asia Group will post -0.32 EPS for the current fiscal year.

A hedge fund recently raised its stake in Iclick Interactive Asia Group stock. Pinnacle Associates Ltd. boosted its holdings in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) by 97.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,160 shares of the company’s stock after purchasing an additional 14,380 shares during the period. Pinnacle Associates Ltd. owned about 0.06% of Iclick Interactive Asia Group worth $114,000 at the end of the most recent reporting period. 0.81% of the stock is currently owned by hedge funds and other institutional investors.

About Iclick Interactive Asia Group

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People’s Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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