iClick Interactive Asia Group Sees Unusually High Options Volume (NASDAQ:ICLK)


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iClick Interactive Asia Group Limited (NASDAQ:ICLK) saw some unusual options trading activity on Wednesday. Traders bought 2,343 call options on the company. This represents an increase of 852% compared to the average volume of 246 call options.

ICLK has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of iClick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Friday, December 4th. BidaskClub upgraded shares of iClick Interactive Asia Group from a “hold” rating to a “buy” rating in a research note on Friday, January 1st. TheStreet upgraded shares of iClick Interactive Asia Group from a “d” rating to a “c” rating in a research note on Monday, October 12th. ValuEngine lowered shares of iClick Interactive Asia Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. Finally, China Renaissance Securities began coverage on shares of iClick Interactive Asia Group in a research note on Tuesday, September 29th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $10.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company acquired a new position in iClick Interactive Asia Group during the third quarter worth about $18,954,000. Barings LLC purchased a new stake in shares of iClick Interactive Asia Group in the third quarter valued at about $8,310,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of iClick Interactive Asia Group by 72.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 755,457 shares of the company’s stock valued at $5,039,000 after purchasing an additional 316,219 shares in the last quarter. Maso Capital Partners Ltd purchased a new stake in shares of iClick Interactive Asia Group in the third quarter valued at about $4,532,000. Finally, Voloridge Investment Management LLC purchased a new stake in shares of iClick Interactive Asia Group in the third quarter valued at about $1,753,000. Institutional investors own 16.21% of the company’s stock.

Shares of ICLK opened at $10.70 on Thursday. The firm’s 50-day moving average is $7.93 and its two-hundred day moving average is $7.55. iClick Interactive Asia Group has a twelve month low of $3.01 and a twelve month high of $10.75. The firm has a market capitalization of $611.68 million, a P/E ratio of -35.67 and a beta of 0.69.

iClick Interactive Asia Group (NASDAQ:ICLK) last issued its earnings results on Monday, November 23rd. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. iClick Interactive Asia Group had a negative net margin of 8.44% and a negative return on equity of 2.03%. The company had revenue of $68.91 million for the quarter, compared to analyst estimates of $67.96 million. Sell-side analysts predict that iClick Interactive Asia Group will post 0.02 EPS for the current fiscal year.

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 and internationally. It offers iAudience, an audience identification solution that allows marketers to search, identify, and customize their targeted audience to generate or enhance brand awareness; iAccess and iActivation, an audience engagement and activation solution tailored for brand awareness-driven and performance-driven campaigns; iExpress, the lite version of iAccess solution for small and medium-sized enterprises; iNsights, an online campaign results monitoring and measurement solution; and iExperience, a content creation solution.

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