Remark Media, Inc. (MARK) Rating Increased to Sell at ValuEngine
ValuEngine upgraded shares of Remark Media, Inc. (NASDAQ:MARK) from a strong sell rating to a sell rating in a research report sent to investors on Friday.
Several other analysts have also recently commented on the company. Roth Capital set a $8.00 price target on Remark Media and gave the company a buy rating in a report on Wednesday, August 9th. Zacks Investment Research cut Remark Media from a strong-buy rating to a hold rating in a report on Wednesday, July 19th.
Remark Media (NASDAQ MARK) opened at 2.7699 on Friday. Remark Media has a 52-week low of $1.93 and a 52-week high of $4.74. The firm’s market cap is $62.75 million. The firm has a 50-day moving average of $2.75 and a 200-day moving average of $2.87.
Remark Media (NASDAQ:MARK) last posted its quarterly earnings results on Thursday, August 10th. The information services provider reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.09. The company had revenue of $17.26 million during the quarter, compared to analysts’ expectations of $17.92 million. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 45.02%. Equities analysts anticipate that Remark Media will post ($0.71) EPS for the current year.
An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. purchased a new position in shares of Remark Media, Inc. (NASDAQ:MARK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned approximately 1.01% of Remark Media as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 14.75% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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