Shares of Remark Media, Inc. (NASDAQ:MARK) gapped up before the market opened on Friday . The stock had previously closed at $7.70, but opened at $8.54. Remark Media shares last traded at $9.15, with a volume of 2109669 shares changing hands.

Several brokerages have recently issued reports on MARK. Roth Capital set a $8.00 target price on shares of Remark Media and gave the company a “buy” rating in a research report on Wednesday, August 9th. ValuEngine upgraded shares of Remark Media from a “sell” rating to a “hold” rating in a research report on Wednesday.

A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. acquired a new position in Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned 1.01% of Remark Media at the end of the most recent reporting period. 11.46% of the stock is owned by institutional investors and hedge funds.

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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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