Remark Media Inc. (MARK) Coverage Initiated by Analysts at Roth Capital
Equities researchers at Roth Capital began coverage on shares of Remark Media Inc. (NASDAQ:MARK) in a report issued on Thursday. The brokerage set a “buy” rating and a $8.50 price target on the stock. Roth Capital’s target price would suggest a potential upside of 93.18% from the stock’s previous close.
Remark Media (NASDAQ:MARK) traded down 0.45% during trading on Thursday, reaching $4.38. 12,222 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.51. Remark Media has a 1-year low of $3.66 and a 1-year high of $5.40. The stock’s market capitalization is $90.71 million.
Remark Media (NASDAQ:MARK) last posted its earnings results on Thursday, August 11th. The company reported ($0.27) earnings per share for the quarter. The business had revenue of $15 million for the quarter. Remark Media had a negative net margin of 78.94% and a negative return on equity of 236.95%. Equities research analysts expect that Remark Media will post ($0.90) earnings per share for the current year.
About Remark Media
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 lodging, 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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