ValuEngine Downgrades Remark Media (MARK) to Sell

Remark Media (NASDAQ:MARK) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Separately, Roth Capital set a $8.00 price objective on Remark Media and gave the stock a “buy” rating in a research note on Wednesday, August 9th.

Shares of Remark Media (NASDAQ:MARK) opened at $8.80 on Friday. Remark Media has a 12 month low of $1.93 and a 12 month high of $9.79.

An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. acquired a new position in shares of Remark Media, Inc. (NASDAQ:MARK) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned about 1.01% of Remark Media at the end of the most recent reporting period. Institutional investors and hedge funds own 11.90% of the company’s stock.

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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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