Iclick Interactive Asia Group (ICLK) Downgraded by Zacks Investment Research
Iclick Interactive Asia Group (NASDAQ:ICLK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
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, Benchmark initiated coverage on shares of Iclick Interactive Asia Group in a report on Tuesday, June 19th. They issued a “buy” rating for the company.
Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its earnings results on Wednesday, May 23rd. The company reported ($0.04) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $35.23 million during the quarter, compared to the consensus estimate of $34.86 million. equities analysts predict that Iclick Interactive Asia Group will post -0.1 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Iclick Interactive Asia Group stock. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,438 shares of the company’s stock, valued at approximately $168,000. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.05% of Iclick Interactive Asia Group as of its most recent filing with the Securities and Exchange Commission (SEC). 0.64% of the stock is currently owned by institutional investors.
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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