Remark (NASDAQ:MARK) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Remark (NASDAQ:MARK) from a hold rating to a buy rating in a research report report published on Wednesday, Zacks.com reports. The firm currently has $2.50 price objective on the information services provider’s stock.

According to Zacks, “Remark Holdings Inc. primarily focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers. Additionally, the company owns and operates digital media properties which deliver relevant, dynamic content. It operates principally in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. Remark Holdings Inc., formerly known as Remark Media Inc., is headquartered in Las Vegas, Nevada. “

Separately, Roth Capital increased their price objective on shares of Remark from $6.00 to $10.50 in a research report on Friday, February 19th.

Shares of MARK opened at $2.13 on Wednesday. Remark has a 12 month low of $0.35 and a 12 month high of $4.72. The firm has a fifty day simple moving average of $2.71 and a 200 day simple moving average of $2.06. The stock has a market capitalization of $211.94 million, a price-to-earnings ratio of -4.10 and a beta of 3.34.

Remark (NASDAQ:MARK) last announced its earnings results on Wednesday, March 31st. The information services provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). On average, equities research analysts predict that Remark will post -0.13 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Cutter & CO Brokerage Inc. increased its position in Remark by 49.1% during the fourth quarter. Cutter & CO Brokerage Inc. now owns 2,481,814 shares of the information services provider’s stock worth $4,715,000 after acquiring an additional 817,172 shares during the period. BlackRock Inc. increased its position in Remark by 370.0% during the fourth quarter. BlackRock Inc. now owns 1,781,791 shares of the information services provider’s stock worth $3,385,000 after acquiring an additional 1,402,649 shares during the period. Cannell Peter B & Co. Inc. increased its holdings in Remark by 140.0% in the 4th quarter. Cannell Peter B & Co. Inc. now owns 1,285,610 shares of the information services provider’s stock valued at $2,443,000 after buying an additional 750,000 shares during the period. Northern Trust Corp boosted its stake in shares of Remark by 29.8% in the 4th quarter. Northern Trust Corp now owns 166,109 shares of the information services provider’s stock valued at $315,000 after purchasing an additional 38,135 shares in the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new stake in shares of Remark in the 4th quarter valued at approximately $275,000. 11.01% of the stock is currently owned by institutional investors and hedge funds.

Remark Company Profile

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the retail, life cycle, and workplace and food safety industries.

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