Iclick Interactive Asia Group (NASDAQ:ICLK)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Capital in a research note issued on Friday, Stock Target Advisor reports. They currently have a $7.50 price target on the stock. Roth Capital’s price target would indicate a potential upside of 39.15% from the company’s previous close.
ICLK has been the subject of several other reports. BidaskClub upgraded shares of Iclick Interactive Asia Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 15th. Alliance Global Partners began coverage on shares of Iclick Interactive Asia Group in a report on Monday, January 27th. They issued a “buy” rating and a $8.50 price target on the stock. Finally, Zacks Investment Research upgraded shares of Iclick Interactive Asia Group from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Tuesday, April 7th. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $7.25.
NASDAQ ICLK opened at $5.39 on Friday. The stock’s 50-day simple moving average is $4.60 and its two-hundred day simple moving average is $3.95. Iclick Interactive Asia Group has a twelve month low of $2.73 and a twelve month high of $5.57. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $309.27 million, a price-to-earnings ratio of -24.50 and a beta of 0.36.
Iclick Interactive Asia Group (NASDAQ:ICLK) last released its earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.08). Iclick Interactive Asia Group had a negative return on equity of 7.59% and a negative net margin of 4.82%. The firm had revenue of $56.68 million during the quarter, compared to the consensus estimate of $57.09 million. On average, equities analysts expect that Iclick Interactive Asia Group will post -0.07 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of ICLK. Renaissance Technologies LLC purchased a new position in shares of Iclick Interactive Asia Group during the fourth quarter valued at approximately $486,000. Jane Street Group LLC bought a new position in Iclick Interactive Asia Group in the 4th quarter worth about $205,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Iclick Interactive Asia Group during the 4th quarter valued at about $171,000. Simplex Trading LLC bought a new stake in Iclick Interactive Asia Group during the 4th quarter valued at about $55,000. Finally, Wolverine Trading LLC bought a new position in shares of Iclick Interactive Asia Group in the first quarter worth approximately $116,000. 0.95% of the stock is currently owned by institutional investors and hedge funds.
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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