Remark Media, Inc. (NASDAQ:MARK) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, Roth Capital reaffirmed a “buy” rating and set a $8.00 price objective on shares of Remark Media in a research report on Monday, October 2nd.

Shares of Remark Media (NASDAQ MARK) traded up $1.39 during trading hours on Wednesday, hitting $8.54. 4,193,075 shares of the company were exchanged, compared to its average volume of 273,234. Remark Media has a twelve month low of $1.93 and a twelve month high of $9.35.

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An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. bought a new stake in shares of Remark Media, Inc. (NASDAQ:MARK) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned 1.01% of Remark Media as of its most recent SEC filing. 11.46% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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