Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price target of $11.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Iclick Interactive Asia Group an industry rank of 108 out of 257 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Iclick Interactive Asia Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th.
Iclick Interactive Asia Group stock traded down $0.12 during midday trading on Friday, reaching $3.56. 83,000 shares of the stock traded hands, compared to its average volume of 147,843. Iclick Interactive Asia Group has a 12-month low of $2.72 and a 12-month high of $11.40. The stock has a market capitalization of $189.72 million and a price-to-earnings ratio of -4.65.
Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings data on Wednesday, November 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $42.59 million during the quarter, compared to analysts’ expectations 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%. Equities research analysts anticipate that Iclick Interactive Asia Group will post -0.32 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in ICLK. Millennium Management LLC purchased a new position in shares of Iclick Interactive Asia Group in the 1st quarter valued at about $121,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Iclick Interactive Asia Group in the 2nd quarter valued at about $168,000. Jane Street Group LLC purchased a new position in shares of Iclick Interactive Asia Group in the 2nd quarter valued at about $762,000. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Iclick Interactive Asia Group by 97.3% in the 3rd quarter. Pinnacle Associates Ltd. now owns 29,160 shares of the company’s stock valued at $114,000 after buying an additional 14,380 shares during the period. Institutional investors and hedge funds own 0.85% of the company’s stock.
Iclick Interactive Asia Group Company Profile
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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