Remark (NASDAQ:MARK) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage currently has a $1.25 price objective on the information services provider’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.62% from the stock’s current price.
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. “
Shares of MARK opened at $1.13 on Tuesday. The firm has a market capitalization of $50.75 million, a price-to-earnings ratio of -0.90 and a beta of 2.23. Remark has a fifty-two week low of $1.05 and a fifty-two week high of $6.19.
Several institutional investors and hedge funds have recently made changes to their positions in MARK. BlackRock Inc. boosted its holdings in shares of Remark by 4.1% in the 3rd quarter. BlackRock Inc. now owns 1,464,519 shares of the information services provider’s stock valued at $4,672,000 after purchasing an additional 58,220 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Remark by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,018,460 shares of the information services provider’s stock valued at $3,248,000 after acquiring an additional 33,882 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of Remark by 3.4% during the 3rd quarter. Vanguard Group Inc now owns 1,018,460 shares of the information services provider’s stock valued at $3,248,000 after acquiring an additional 33,882 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Remark during the 4th quarter valued at $26,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Remark by 41.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 71,794 shares of the information services provider’s stock valued at $133,000 after acquiring an additional 20,894 shares in the last quarter. Institutional investors own 18.12% of the company’s stock.
Remark Company Profile
Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
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