Remark Media’s (MARK) “Buy” Rating Reaffirmed at Roth Capital
Remark Media, Inc. (NASDAQ:MARK)‘s stock had its “buy” rating reissued by investment analysts at Roth Capital in a research note issued to investors on Monday. They currently have a $8.00 price target on the information services provider’s stock. Roth Capital’s price objective indicates a potential upside of 112.20% from the company’s previous close.
A number of other analysts have also recently weighed in on MARK. Zacks Investment Research cut shares of Remark Media from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine upgraded shares of Remark Media from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.
Remark Media (MARK) traded down 4.2414% during mid-day trading on Monday, hitting $3.6101. 129,710 shares of the stock traded hands. Remark Media has a 1-year low of $1.93 and a 1-year high of $4.87. The firm’s market cap is $81.78 million. The stock has a 50-day moving average of $2.90 and a 200 day moving average of $2.90.
Remark Media (NASDAQ:MARK) last announced its quarterly earnings results on Thursday, August 10th. The information services provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.09. Remark Media had a negative net margin of 45.02% and a negative return on equity of 4,860.73%. The company had revenue of $17.26 million during the quarter, compared to the consensus estimate of $17.92 million. On average, equities analysts expect that Remark Media will post ($0.71) EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Remark Media’s (MARK) “Buy” Rating Reaffirmed at Roth Capital” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/02/remark-medias-mark-buy-rating-reaffirmed-at-roth-capital.html.
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) in the second quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 1.01% of Remark Media at the end of the most recent reporting period. Institutional investors and hedge funds own 14.74% of the company’s stock.
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.
Receive News & Stock Ratings for Remark Media Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remark Media Inc. and related stocks with our FREE daily email newsletter.