Iclick Interactive Asia Group (ICLK) Lifted to “Hold” at Zacks Investment Research
Zacks Investment Research upgraded shares of Iclick Interactive Asia Group (NASDAQ:ICLK) from a sell rating to a hold rating in a report published on Tuesday morning.
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 assumed coverage on Iclick Interactive Asia Group in a report on Tuesday, June 19th. They set a buy rating for the company.
Iclick Interactive Asia Group (NASDAQ:ICLK) last released its quarterly earnings data on Thursday, August 23rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $42.70 million for the quarter, compared to analyst estimates of $40.34 million. equities analysts anticipate that Iclick Interactive Asia Group will post -0.09 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in ICLK. Jane Street Group LLC acquired a new stake in Iclick Interactive Asia Group in the 2nd quarter valued at $762,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Iclick Interactive Asia Group in the 2nd quarter valued at $168,000. Finally, Millennium Management LLC acquired a new stake in Iclick Interactive Asia Group in the 1st quarter valued at $121,000. Institutional investors and hedge funds own 1.02% 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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