Analysts Set $10.25 Price Target for Remark Holdings, Inc. (MARK)
Shares of Remark Holdings, Inc. (NASDAQ:MARK) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $10.25 for the company and are predicting that the company will post ($0.25) EPS for the current quarter, according to Zacks. Zacks has also given Remark an industry rank of 199 out of 265 based on the ratings given to related companies.
Several brokerages recently weighed in on MARK. ValuEngine upgraded shares of Remark from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Roth Capital restated a “buy” rating and issued a $8.00 price target on shares of Remark in a research report on Monday, October 2nd.
Shares of Remark (MARK) traded down $1.32 on Friday, reaching $8.44. 2,946,400 shares of the company traded hands, compared to its average volume of 361,643. Remark has a 12 month low of $1.93 and a 12 month high of $10.34.
In other Remark news, CFO Douglas Osrow sold 90,542 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $8.02, for a total transaction of $726,146.84. Following the transaction, the chief financial officer now owns 46,600 shares in the company, valued at $373,732. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 36.50% of the company’s stock.
A hedge fund recently bought a new stake in Remark stock. Cannell Peter B & Co. Inc. purchased a new position in Remark Holdings, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned about 1.01% of Remark at the end of the most recent quarter. 11.90% of the stock is owned by institutional investors and hedge funds.
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Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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