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 1.47 million iClick Interactive Asia Group Limited (ICLK) shares trading Friday and a closing price of $9.63 on the day, the dollar volume was approximately $14.12 million. The shares have shown a positive weekly performance of 7.60% and its price on 08/28/20 lost nearly -1.93%. Currently, there are 78.58M common shares owned by the public and among those 24.68M 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 $11.18. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $10.00 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 13.86% above its last price level and an upside to the estimated low will see the stock gain 3.7% over that period. But an upside of 25.92% will see the stock hit the forecast high price target while mean target price for the stock is $10.85.
The top 3 mutual fund holders in iClick Interactive Asia Group Limited are Baillie Gifford Overseas Growth F, Vifag 2002, SICAV, and Fidelity Nasdaq Composite Index F. Baillie Gifford Overseas Growth F owns 1.73 million shares of the company’s stock, all valued at over $12.58 million. The company bought an additional 1.73 million shares recently to bring their total holdings to about 2.70% of the shares outstanding. Vifag 2002, SICAV bought 193.0 shares to see its total holdings expand to 49941.0 shares valued at over $0.36 million and representing 0.08% of the shares outstanding. Fidelity Nasdaq Composite Index F bought 3299.0 shares to bring its total holdings to over 23395.0 shares at a value of $0.17 million. Fidelity Nasdaq Composite Index F now owns shares totaling to 0.04% of the shares outstanding.
Shares of iClick Interactive Asia Group Limited (NASDAQ: ICLK) opened at $9.81, down -$0.01 from a prior closing price of $9.82. However, the script later closed the day at $9.63, down -1.93%. The company’s stock has a 5-day price change of 7.60% and 84.13% over the past three months. ICLK shares are trading 199.07% year to date (YTD), with the 12-month market performance up to 213.68% higher. It has a 12-month low price of $2.80 and touched a high of $10.22 over the same period. Currently, 1.47 million shares have been traded, compared to an average intraday trading volume of 1.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.57%, 41.92%, and 99.43% respectively.
Institutional ownership of iClick Interactive Asia Group Limited (NASDAQ: ICLK) shares accounts for 8.50% of the company’s 78.58M shares outstanding. Mutual fund holders own 2.83%, while other institutional holders and individual stakeholders account for 5.49% and — respectively.
It has a market capitalization of $773.58M. The earnings-per-share (ttm) stands at -$0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.87% over the week and 6.91% over the month.
Analysts forecast that iClick Interactive Asia Group Limited (ICLK) will achieve an EPS of $0.01 for the current quarter, $0.02 for the next quarter and $0.23 for 2021. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.02. 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 318.18% 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.