Remark Media, Inc. (MARK) Upgraded to “Sell” by ValuEngine
Remark Media, Inc. (NASDAQ:MARK) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
MARK has been the subject of several other research reports. Roth Capital set a $8.00 price objective on Remark Media and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Remark Media from a “sell” rating to a “hold” rating in a report on Wednesday, May 17th.
Shares of Remark Media (NASDAQ MARK) traded up 2.9703% on Friday, hitting $2.7699. The stock had a trading volume of 71,554 shares. Remark Media has a 12 month low of $1.93 and a 12 month high of $4.75. The stock’s market cap is $62.75 million. The stock has a 50 day moving average of $2.75 and a 200-day moving average of $2.87.
Remark Media (NASDAQ:MARK) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported ($0.19) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.09. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 45.02%. The company had revenue of $17.26 million during the quarter, compared to analyst estimates of $17.92 million. Equities research analysts anticipate that Remark Media will post ($0.71) EPS for the current year.
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An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. purchased a new stake in shares of Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent disclosure 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 Media at the end of the most recent reporting period. 14.75% of the stock is owned by hedge funds and other institutional investors.
Remark Media Company Profile
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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