Remark Holdings, Inc. (NASDAQ:MARK) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $20.50 for the company and are predicting that the company will post ($0.28) EPS for the current quarter, according to Zacks. Zacks has also given Remark an industry rank of 129 out of 265 based on the ratings given to its competitors.
Several equities research analysts have commented on the company. ValuEngine upgraded Remark from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Zacks Investment Research lowered Remark from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Roth Capital upped their price target on Remark from $10.25 to $20.50 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, BidaskClub downgraded Remark from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th.
Remark (NASDAQ:MARK) last released its earnings results on Thursday, March 29th. The information services provider reported ($0.88) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.63). The company had revenue of $18.60 million during the quarter, compared to analysts’ expectations of $19.48 million. analysts predict that Remark will post -0.65 EPS for the current fiscal year.
In other Remark news, CFO Douglas Osrow sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $13.02, for a total transaction of $260,400.00. Following the transaction, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $260,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 32.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. PEAK6 Investments L.P. bought a new position in Remark during the 4th quarter worth approximately $243,000. Millennium Management LLC acquired a new stake in shares of Remark during the 4th quarter worth approximately $794,000. Raymond James & Associates acquired a new stake in shares of Remark during the 4th quarter worth approximately $251,000. Two Sigma Investments LP acquired a new stake in shares of Remark during the 4th quarter worth approximately $678,000. Finally, Renaissance Technologies LLC raised its position in shares of Remark by 529.6% during the 4th quarter. Renaissance Technologies LLC now owns 470,300 shares of the information services provider’s stock worth $4,576,000 after purchasing an additional 395,600 shares during the period. 16.38% of the stock is currently owned by institutional investors.
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.
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