Remark Holdings, Inc. (NASDAQ:MARK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus target price of $20.50 for the company and are forecasting that the company will post ($0.25) EPS for the current quarter, according to Zacks. Zacks has also given Remark an industry rank of 209 out of 265 based on the ratings given to related companies.
A number of equities analysts have recently commented on the company. ValuEngine raised Remark from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded Remark from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Roth Capital boosted their price objective on Remark from $10.25 to $20.50 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, BidaskClub downgraded Remark from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th.
Shares of Remark (MARK) traded down $0.87 during trading on Friday, hitting $6.08. The stock had a trading volume of 2,749,071 shares, compared to its average volume of 2,236,516. Remark has a 1-year low of $1.93 and a 1-year high of $15.10. The firm has a market capitalization of $252.74, a P/E ratio of -5.22 and a beta of 1.86.
Remark (NASDAQ:MARK) last announced its quarterly earnings data on Monday, November 13th. The information services provider reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.16). equities analysts forecast that Remark will post -1.03 earnings per share for the current fiscal year.
In related news, CFO Douglas Osrow sold 90,542 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was 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 of the company’s stock, valued at $373,732. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 32.50% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in Remark in the fourth quarter valued at approximately $428,000. M&T Bank Corp acquired a new position in Remark in the fourth quarter valued at approximately $243,000. Finally, Lakeview Capital Partners LLC acquired a new position in Remark in the fourth quarter valued at approximately $122,000. 11.98% of the stock is owned by hedge funds and other institutional investors.
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Remark 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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