ValuEngine downgraded shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a buy rating to a hold rating in a research note published on Wednesday morning.
Separately, Zacks Investment Research lowered shares of Iclick Interactive Asia Group from a hold rating to a sell rating in a research report on Thursday, September 6th.
Shares of ICLK opened at $3.38 on Wednesday. The stock has a market capitalization of $181.27 million and a PE ratio of -4.39. Iclick Interactive Asia Group has a fifty-two week low of $2.72 and a fifty-two week high of $10.10.
Iclick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings data on Wednesday, November 28th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 20.72% and a negative return on equity of 8.74%. On average, sell-side analysts predict that Iclick Interactive Asia Group will post -0.32 EPS for the current fiscal year.
An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Jane Street Group LLC purchased a new position in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.85% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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