iClick Interactive Asia Group Sees Unusually Large Options Volume (NASDAQ:ICLK)

iClick Interactive Asia Group Limited (NASDAQ:ICLK) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 2,020 put options on the stock. This is an increase of approximately 721% compared to the typical daily volume of 246 put options.

NASDAQ:ICLK traded up $0.04 on Wednesday, reaching $5.03. 35,282 shares of the company’s stock were exchanged, compared to its average volume of 996,330. The firm has a market capitalization of $474.76 million, a price-to-earnings ratio of -35.92 and a beta of 0.46. The business has a fifty day moving average of $5.85 and a 200-day moving average of $9.88. iClick Interactive Asia Group has a 52-week low of $4.13 and a 52-week high of $19.10.

iClick Interactive Asia Group (NASDAQ:ICLK) last issued its quarterly earnings results on Wednesday, August 25th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $78.00 million for the quarter. iClick Interactive Asia Group had a negative net margin of 3.62% and a negative return on equity of 1.76%.

A number of research analysts have commented on the stock. Citigroup upped their target price on shares of iClick Interactive Asia Group from $9.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, August 26th. Alliance Global Partners decreased their target price on shares of iClick Interactive Asia Group from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, August 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $15.25.

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in iClick Interactive Asia Group during the second quarter worth about $36,000. Quantbot Technologies LP purchased a new stake in shares of iClick Interactive Asia Group during the first quarter worth approximately $59,000. Advisory Services Network LLC purchased a new stake in shares of iClick Interactive Asia Group during the second quarter worth approximately $67,000. UBS Group AG purchased a new stake in shares of iClick Interactive Asia Group during the first quarter worth approximately $94,000. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of iClick Interactive Asia Group during the second quarter worth approximately $110,000. Institutional investors own 35.73% of the company’s stock.

About iClick Interactive Asia Group

iClick Interactive Asia Group Ltd. is a holding company, engages in the provision of online marketing and data technology platform. Its data-driven solutions help marketers identify, engage, and activate potential customers, monitor and measure the results of marketing campaigns, and create content catering to potential customers across different content distribution channels through both personal computer and mobile devices.

Featured Story: How do buyers and sellers choose a strike price?

Receive News & Ratings for iClick Interactive Asia Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iClick Interactive Asia Group and related companies with MarketBeat.com's FREE daily email newsletter.