Roth Capital Sticks to Their Buy Rating for ICLICK INTERACTIVE ASIA GROUP LTD (ICLK)


Roth Capital analyst Darren Aftahi maintained a Buy rating on ICLICK INTERACTIVE ASIA GROUP LTD (ICLK) today and set a price target of $8. The company’s shares opened today at $4.34.

Aftahi observed:

“We expect mostly in-line topline results when ICLK reports, but due to its ongoing push into the CRM space, we believe expenses (particularly R&D/ S&M) could be elevated this Q. As such, we have layered on additional expenses and expect moderate 4Q18 EBITDA losses. We expect elevated expense to flow through into our 2019 adj. EBITDA estimates. We have not factored any CRM/subscription-based revenue into our model, as such, traction in this segment would be additive. ICLK reports BMO on 3/25. 4Q18 expectations; tougher comps suggest moderated growth. With our aforementioned added costs for 4Q, we model for revenue/adj. EBITDA/ adjusted earnings per ADS of ~$44.7M/($0.65M)/($0.04), compared to consensus at $42.5M/$0.9M/($0.02), when ICLK reports BMO on 3/25/19.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.5% and a 54.7% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ICLICK INTERACTIVE ASIA GROUP LTD with a $8 average price target.

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The company has a one-year high of $8.66 and a one-year low of $2.72. Currently, ICLICK INTERACTIVE ASIA GROUP LTD has an average volume of 94.82K.

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iClick Interactive Asia Group Ltd. is a holding company, which engages in the development of online marketing technology platform. Its solutions are integrated in a single platform that include audience identification; audience engagement and activation; campaign results monitoring and measurement; and content creation solutions.

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