Remark (NASDAQ:MARK) Cut to Hold at Zacks Investment Research
According to Zacks, “Remark Media, Inc. owns, operates and acquires innovative digital media properties across multiple verticals that deliver culturally relevant, dynamic content that attracts and engages users on a global scale. The company leverages its unique digital media assets to target the Millennial demographic, which provides it with access to fast-growing, lucrative markets. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Hangzhou and Chengdu, China. “
Separately, ValuEngine downgraded USD Partners from a hold rating to a sell rating in a research note on Friday, June 14th.
Remark (NASDAQ:MARK) last announced its earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.19. The company had revenue of $19.46 million during the quarter, compared to analysts’ expectations of $18.90 million. As a group, equities research analysts predict that Remark will post -0.85 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC purchased a new position in Remark during the first quarter worth $27,000. Geode Capital Management LLC boosted its stake in Remark by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock worth $309,000 after buying an additional 18,223 shares during the period. GSA Capital Partners LLP purchased a new position in Remark during the fourth quarter worth $26,000. Finally, Rhumbline Advisers boosted its stake in Remark by 49.0% during the fourth quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock worth $38,000 after buying an additional 10,410 shares during the period. Institutional investors own 18.04% of the company’s stock.
Remark Company Profile
Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
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