Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $8.50 for the company and are forecasting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Iclick Interactive Asia Group an industry rank of 98 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research cut Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.
NASDAQ:ICLK traded down $0.07 during trading hours on Tuesday, hitting $3.65. 41,403 shares of the company traded hands, compared to its average volume of 18,046. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01. Iclick Interactive Asia Group has a one year low of $2.72 and a one year high of $7.22. The stock has a market cap of $196.33 million, a PE ratio of -40.56 and a beta of 1.75.
Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings data on Wednesday, May 29th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Iclick Interactive Asia Group had a negative return on equity of 3.76% and a negative net margin of 20.99%. The business had revenue of $39.22 million for the quarter, compared to analysts’ expectations of $40.10 million. On average, sell-side analysts forecast that Iclick Interactive Asia Group will post -0.19 earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC bought a new position in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the first quarter, according to its most recent filing with the SEC. The fund bought 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group accounts for 0.7% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 24th largest holding. Measured Wealth Private Client Group LLC owned about 0.59% of Iclick Interactive Asia Group at the end of the most recent reporting period. Institutional investors own 0.69% 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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