Remark Media, Inc. (MARK) Shares Down 1.6%
Remark Media, Inc. (NASDAQ:MARK)’s share price traded down 1.6% during trading on Thursday . The stock traded as low as $2.83 and last traded at $3.22. 82,239 shares traded hands during trading, a decline of 79% from the average session volume of 385,408 shares. The stock had previously closed at $3.17.
Several equities analysts have commented on the stock. Roth Capital reiterated a “buy” rating and set a $8.00 price objective on shares of Remark Media in a research report on Monday, October 2nd. ValuEngine upgraded shares of Remark Media from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Remark Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
The stock’s market cap is $74.53 million. The firm’s 50 day moving average is $3.39 and its 200 day moving average is $2.97.
Remark Media (NASDAQ:MARK) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.09. The firm had revenue of $17.26 million for the quarter, compared to analysts’ expectations of $17.92 million. Remark Media had a negative net margin of 45.02% and a negative return on equity of 4,860.73%. On average, analysts expect that Remark Media, Inc. will post ($0.71) EPS for the current year.
A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. purchased a new stake in shares of Remark Media, Inc. (NASDAQ:MARK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 Media at the end of the most recent quarter. Hedge funds and other institutional investors own 14.74% of the company’s stock.
About Remark Media
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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