Iclick Interactive Asia Group (ICLK) Releases Earnings Results, Beats Expectations By $0.03 EPS

Iclick Interactive Asia Group (NASDAQ:ICLK) posted its quarterly earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.03, Morningstar.com reports. Iclick Interactive Asia Group had a negative return on equity of 3.77% and a negative net margin of 20.99%. The firm had revenue of $39.22 million for the quarter, compared to the consensus estimate of $40.10 million. Iclick Interactive Asia Group updated its FY 2019 guidance to EPS and its Q2 2019 guidance to EPS.

Shares of Iclick Interactive Asia Group stock traded up $0.15 during trading on Friday, reaching $3.90. The company’s stock had a trading volume of 19,610 shares, compared to its average volume of 62,598. Iclick Interactive Asia Group has a 12-month low of $2.72 and a 12-month high of $8.49. The company has a market cap of $206.55 million, a PE ratio of -43.33 and a beta of 2.09.

Separately, Zacks Investment Research upgraded Iclick Interactive Asia Group from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research note on Wednesday, February 6th.

An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC acquired a new position in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group comprises about 0.7% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 24th biggest position. Measured Wealth Private Client Group LLC owned 0.59% of Iclick Interactive Asia Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 0.69% of the company’s stock.

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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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Earnings History for Iclick Interactive Asia Group (NASDAQ:ICLK)

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