Iclick Interactive Asia Group (NASDAQ:ICLK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $6.00 price objective on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 10.70% from the stock’s current price.
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, ValuEngine upgraded Iclick Interactive Asia Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th.
Iclick Interactive Asia Group stock opened at $5.42 on Wednesday. The stock has a market capitalization of $292.62 million, a PE ratio of -7.04 and a beta of 2.31. Iclick Interactive Asia Group has a 52 week low of $2.72 and a 52 week high of $8.70.
Iclick Interactive Asia Group (NASDAQ:ICLK) last posted its quarterly earnings data on Wednesday, November 28th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business 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 8.74% and a negative net margin of 20.72%. On average, research analysts predict that Iclick Interactive Asia Group will post -0.32 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Iclick Interactive Asia Group stock. Jane Street Group LLC purchased a new stake in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 120,071 shares of the company’s stock, valued at approximately $762,000. Jane Street Group LLC owned 0.23% of Iclick Interactive Asia Group as of its most recent SEC filing. Institutional investors and hedge funds own 0.81% 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.
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