Remark Holdings Inc (MARK) Given Average Recommendation of “Strong Buy” by Brokerages

Remark Holdings Inc (NASDAQ:MARK) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Analysts have set a 12-month consensus price objective of $7.50 for the company and are forecasting that the company will post ($0.22) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Remark an industry rank of 103 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Remark from a “hold” rating to a “buy” rating and set a $2.00 price target for the company in a report on Tuesday, January 22nd.

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in Remark during the 1st quarter worth approximately $27,000. GSA Capital Partners LLP bought a new position in Remark during the 4th quarter worth approximately $26,000. Rhumbline Advisers lifted its holdings in Remark by 49.0% during the 4th 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 last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Remark by 41.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 71,794 shares of the information services provider’s stock worth $133,000 after buying an additional 20,894 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Remark by 7.7% during the 4th 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 last quarter. 18.12% of the stock is currently owned by institutional investors.

MARK traded down $0.05 on Tuesday, reaching $1.14. The company’s stock had a trading volume of 105,758 shares, compared to its average volume of 408,826. The company has a market capitalization of $49.03 million, a P/E ratio of -0.90 and a beta of 2.23. Remark has a 1 year low of $1.05 and a 1 year high of $6.19.

Remark (NASDAQ:MARK) last issued its quarterly earnings results on Monday, April 1st. The information services provider reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.22). The company had revenue of $22.32 million during the quarter, compared to analysts’ expectations of $26.64 million. Sell-side analysts anticipate that Remark will post -0.85 earnings per share for the current year.

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.

See Also: The role of implied volatility with call option volume

Get a free copy of the Zacks research report on Remark (MARK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Remark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remark and related companies with MarketBeat.com's FREE daily email newsletter.