Shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $11.00 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Iclick Interactive Asia Group an industry rank of 164 out of 257 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Iclick Interactive Asia Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th.
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 company had revenue of $42.59 million for the quarter, compared to analyst estimates of $41.54 million. Iclick Interactive Asia Group had a negative return on equity of 8.51% and a negative net margin of 20.72%. Sell-side analysts predict that Iclick Interactive Asia Group will post -0.09 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in ICLK. Pinnacle Associates Ltd. grew its holdings in Iclick Interactive Asia Group by 97.3% during the third quarter. Pinnacle Associates Ltd. now owns 29,160 shares of the company’s stock worth $114,000 after acquiring an additional 14,380 shares during the period. Millennium Management LLC acquired a new position in Iclick Interactive Asia Group during the first quarter worth about $121,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Iclick Interactive Asia Group during the second quarter worth about $168,000. Finally, Jane Street Group LLC acquired a new position in Iclick Interactive Asia Group during the second quarter worth about $762,000. 0.85% of the stock is currently owned by hedge funds and other institutional investors.
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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