Shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $9.00 for the company and are forecasting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also given Iclick Interactive Asia Group an industry rank of 103 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC purchased a new stake in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group makes up about 0.7% of Measured Wealth Private Client Group LLC’s portfolio, making the stock its 24th largest holding. Measured Wealth Private Client Group LLC owned approximately 0.59% of Iclick Interactive Asia Group as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 0.69% of the company’s stock.
Shares of ICLK traded up $0.15 on Friday, hitting $3.90. 19,610 shares of the stock traded hands, compared to its average volume of 62,598. The company has a market capitalization of $206.55 million, a P/E ratio of -43.33 and a beta of 2.09. Iclick Interactive Asia Group has a one year low of $2.72 and a one year high of $8.49.
Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings results on Wednesday, May 29th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $39.22 million during the quarter, compared to the consensus estimate of $40.10 million. Iclick Interactive Asia Group had a negative net margin of 20.99% and a negative return on equity of 3.77%. As a group, equities analysts predict that Iclick Interactive Asia Group will post -0.15 earnings per share for the current fiscal year.
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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