Remark (NASDAQ:MARK) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Remark (NASDAQ:MARK) from a hold rating to a sell rating in a research report report published on Friday morning, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Remark from a strong sell rating to a hold rating and set a $1.25 target price for the company in a research report on Tuesday, May 14th.

MARK opened at $1.00 on Friday. The stock has a market capitalization of $43.01 million, a PE ratio of -0.79 and a beta of 2.27. Remark has a 1-year low of $0.81 and a 1-year high of $5.62.



Remark (NASDAQ:MARK) last released its earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.19. The company had revenue of $19.46 million during the quarter, compared to the consensus estimate of $18.90 million. On average, equities research analysts forecast that Remark will post -0.85 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its holdings in shares of Remark by 49.0% in the 4th quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock valued at $38,000 after buying an additional 10,410 shares during the period. Brighton Jones LLC acquired a new position in shares of Remark in the 1st quarter valued at about $27,000. Geode Capital Management LLC boosted its holdings in shares of Remark by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock valued at $309,000 after buying an additional 18,223 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Remark in the 4th quarter valued at about $26,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Remark by 3.4% in 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 buying an additional 33,882 shares during the period. 18.04% of the stock is owned by institutional investors and hedge funds.

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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