Iclick Interactive Asia Group (ICLK) Earns Buy Rating from Analysts at Benchmark

Equities researchers at Benchmark assumed coverage on shares of Iclick Interactive Asia Group (NASDAQ:ICLK) in a research note issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating on the stock.

Separately, Zacks Investment Research downgraded Iclick Interactive Asia Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 4th.

Shares of Iclick Interactive Asia Group traded down $0.01, reaching $7.15, on Tuesday, MarketBeat Ratings reports. 73,572 shares of the company’s stock traded hands, compared to its average volume of 171,078. Iclick Interactive Asia Group has a 12-month low of $5.05 and a 12-month high of $11.40. The company has a market capitalization of $369.13 million and a price-to-earnings ratio of -9.29.

Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings results on Wednesday, May 23rd. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $35.23 million for the quarter, compared to analysts’ expectations of $34.86 million. analysts anticipate that Iclick Interactive Asia Group will post 0.01 EPS for the current fiscal year.

An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Millennium Management LLC acquired a new stake in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,576 shares of the company’s stock, valued at approximately $121,000. Hedge funds and other institutional investors own 0.66% 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, as well as technology development services.

Receive News & Ratings for Iclick Interactive Asia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iclick Interactive Asia Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply