Iclick Interactive Asia Group (ICLK) Upgraded at Zacks Investment Research

Iclick Interactive Asia Group (NASDAQ:ICLK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “iClick Interactive Asia Group Limited provides an online marketing technology platform. The Company offer digital marketing, data analysis, display solutions, software development and other services. iClick Interactive Asia Group Limited is based in HONG KONG. “

Separately, Benchmark started coverage on Iclick Interactive Asia Group in a report on Tuesday, June 19th. They set a “buy” rating for the company.

Shares of NASDAQ ICLK opened at $5.02 on Wednesday. Iclick Interactive Asia Group has a one year low of $4.67 and a one year high of $11.40. The stock has a market cap of $260.35 million and a price-to-earnings ratio of -6.52.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings results on Thursday, August 23rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $42.70 million for the quarter, compared to analyst estimates of $40.34 million. equities analysts predict that Iclick Interactive Asia Group will post -0.09 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Iclick Interactive Asia Group during the 2nd quarter valued at about $168,000. Millennium Management LLC acquired a new stake in shares of Iclick Interactive Asia Group during the 1st quarter valued at about $121,000. Finally, Jane Street Group LLC acquired a new stake in shares of Iclick Interactive Asia Group during the 2nd quarter valued at about $762,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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