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.
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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