iClick Interactive Asia Group Limited (NASDAQ: ICLK) Seen Running Too Hot, Let’s Look At This More Closely

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    Baillie Gifford & Co. recently announced the acquisition of new stake in iClick Interactive Asia Group Limited (NASDAQ:ICLK). This fresh investment now brings its stake to 3.58% valued currently at $16.68 million. In addition, Renaissance Technologies LLC raised its holdings by 0.84 million to 1.1 million shares.

    With over 1.65 million iClick Interactive Asia Group Limited (ICLK) shares trading Friday and a closing price of $8.95 on the day, the dollar volume was approximately $14.74 million. The shares have shown a positive weekly performance of 12.44% and its price on 08/21/20 gained nearly 0.67%. Currently, there are 73.76M common shares owned by the public and among those 21.16M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for ICLK have a consensus price objective of $8.93. The analysts have set the share’s price value over the next 12 months at a high of $10.20 and a low of $7.50 should the stock experience a downside. Incidentally, analysts’ outlook for the iClick Interactive Asia Group Limited stock is 1.70 for the next 12 months. The average price target is -0.22% below its last price level and a downside to the estimated low will see the stock lose -19.33% over that period. But an upside of 12.25% will see the stock hit the forecast high price target while mean target price for the stock is $9.00.

    The top 3 mutual fund holders in iClick Interactive Asia Group Limited are Vifag 2002, SICAV, Fidelity Nasdaq Composite Index F, and Counterpoint Tactical Equity Fund. Vifag 2002, SICAV owns 49941.0 shares of the company’s stock, all valued at over $0.36 million. The company bought an additional 193.0 shares recently to bring their total holdings to about 0.08% of the shares outstanding. Fidelity Nasdaq Composite Index F bought 3299.0 shares to see its total holdings expand to 23395.0 shares valued at over $0.17 million and representing 0.04% of the shares outstanding. Counterpoint Tactical Equity Fund bought 6099.0 shares to bring its total holdings to over 6099.0 shares at a value of $44279.0. Counterpoint Tactical Equity Fund now owns shares totaling to 0.01% of the shares outstanding.

    Shares of iClick Interactive Asia Group Limited (NASDAQ: ICLK) opened at $9.00, up $0.11 from a prior closing price of $8.89. However, the script later closed the day at $8.95, up 0.67%. The company’s stock has a 5-day price change of 12.44% and 66.05% over the past three months. ICLK shares are trading 177.95% year to date (YTD), with the 12-month market performance up to 185.94% higher. It has a 12-month low price of $2.80 and touched a high of $9.57 over the same period. Currently, 1.65 million shares have been traded, compared to an average intraday trading volume of 997.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.13%, 40.71%, and 91.88% respectively.

    Institutional ownership of iClick Interactive Asia Group Limited (NASDAQ: ICLK) shares accounts for 9.20% of the company’s 73.76M shares outstanding. Mutual fund holders own 0.13%, while other institutional holders and individual stakeholders account for 8.19% and — respectively.

    It has a market capitalization of $810.51M. The earnings-per-share (ttm) stands at -$0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.75% over the week and 6.80% over the month.

    Analysts forecast that iClick Interactive Asia Group Limited (ICLK) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.2 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 72.60%, and 712.00% over the next financial year.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate iClick Interactive Asia Group Limited (ICLK) as a “Strong Buy” at a consensus score of 1.70. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the ICLK, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on January 27, 2020, with the firm’s price target at $8.50. Jefferies coverage for the iClick Interactive Asia Group Limited (ICLK) stock in a research note released on December 05, 2019 offered a Buy rating with a price target of. The Benchmark Company was of a view on June 19, 2018 that the stock is Buy, while ROTH Capital gave the stock Buy rating on February 01, 2018, issuing a price target of $10.

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