Remark (MARK) Downgraded to “Sell” at Zacks Investment Research

Remark (NASDAQ:MARK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

According to Zacks, “Remark Media, Inc. owns, operates and acquires innovative digital media properties across multiple verticals that deliver culturally relevant, dynamic content that attracts and engages users on a global scale. The company leverages its unique digital media assets to target the Millennial demographic, which provides it with access to fast-growing, lucrative markets. The company is headquartered in Las Vegas, Nevada, with additional operations in Los Angeles, California and in Beijing, Shanghai, Hangzhou and Chengdu, China. “

Several other research analysts also recently weighed in on MARK. Roth Capital upped their target price on shares of Remark to $8.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Remark from a “sell” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, BidaskClub upgraded shares of Remark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th.

Shares of Remark (MARK) opened at $9.32 on Friday. Remark has a 52 week low of $1.93 and a 52 week high of $15.10.

Remark (NASDAQ:MARK) last released its quarterly earnings data on Monday, November 13th. The information services provider reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.16). equities research analysts predict that Remark will post -1.03 earnings per share for the current year.

In other news, CFO Douglas Osrow sold 90,542 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $8.02, for a total value of $726,146.84. Following the completion of the transaction, the chief financial officer now directly owns 46,600 shares in the company, valued at $373,732. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.50% of the stock is currently owned by corporate insiders.

A hedge fund recently bought a new stake in Remark stock. Lakeview Capital Partners LLC acquired a new stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,500 shares of the information services provider’s stock, valued at approximately $122,000. Institutional investors own 11.93% of the company’s stock.

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About Remark

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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