Remark Media, Inc. (MARK) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS
Remark Media, Inc. (NASDAQ:MARK) announced its earnings results on Thursday. The information services provider reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.09, Bloomberg Earnings reports. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 48.58%. The firm had revenue of $17.26 million during the quarter, compared to analyst estimates of $17.92 million.
Shares of Remark Media (NASDAQ:MARK) traded up 0.84% during midday trading on Friday, reaching $2.72. The company had a trading volume of 2,329 shares. Remark Media has a 1-year low of $1.93 and a 1-year high of $4.80. The company’s 50-day moving average is $2.85 and its 200-day moving average is $2.95. The stock’s market capitalization is $61.62 million.
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Several brokerages have recently issued reports on MARK. Roth Capital set a $8.00 target price on Remark Media and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research raised Remark Media from a “sell” rating to a “hold” rating in a research report on Wednesday, May 17th.
A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. purchased a new position in shares of Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.61% 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.
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