Remark Media, Inc. (MARK) PT Raised to $8.00
Remark Media, Inc. (NASDAQ:MARK) had its price objective boosted by equities researchers at Roth Capital to $8.00 in a report released on Tuesday. The firm currently has a “buy” rating on the information services provider’s stock. Roth Capital’s price target indicates a potential upside of 115.63% from the stock’s previous close.
Several other research firms have also issued reports on MARK. ValuEngine upgraded Remark Media from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Remark Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
Remark Media (NASDAQ MARK) traded up $0.03 during trading hours on Tuesday, hitting $3.71. The stock had a trading volume of 284,700 shares, compared to its average volume of 164,059. Remark Media has a 1-year low of $1.93 and a 1-year high of $4.87.
An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. bought a new position in shares of Remark Media, Inc. (NASDAQ:MARK) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter. 14.68% of the stock is owned by institutional investors.
Remark Media Company Profile
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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