Remark (MARK) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Remark (NASDAQ:MARK) from a strong sell rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $1.25 price objective on the information services provider’s stock.

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. “

NASDAQ:MARK opened at $1.14 on Tuesday. Remark has a one year low of $1.05 and a one year high of $6.19. The stock has a market capitalization of $50.75 million, a P/E ratio of -0.90 and a beta of 2.23.

Remark (NASDAQ:MARK) last issued its earnings results on Monday, April 1st. The information services provider reported ($0.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.22). The business had revenue of $22.32 million during the quarter, compared to the consensus estimate of $26.64 million. Analysts anticipate that Remark will post -0.85 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of MARK. BlackRock Inc. boosted its stake in Remark by 4.1% in the third quarter. BlackRock Inc. now owns 1,464,519 shares of the information services provider’s stock valued at $4,672,000 after acquiring an additional 58,220 shares during the period. Vanguard Group Inc boosted its stake in Remark by 3.4% in the third quarter. Vanguard Group Inc now owns 1,018,460 shares of the information services provider’s stock valued at $3,248,000 after acquiring an additional 33,882 shares during the period. Vanguard Group Inc. boosted its stake in Remark by 3.4% in the third quarter. Vanguard Group Inc. now owns 1,018,460 shares of the information services provider’s stock valued at $3,248,000 after acquiring an additional 33,882 shares during the period. GSA Capital Partners LLP acquired a new position in Remark in the fourth quarter valued at approximately $26,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Remark by 41.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 71,794 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 20,894 shares during the period. Institutional investors own 18.12% of the company’s stock.

About Remark

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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