Zacks Investment Research Lowers Remark (NASDAQ:MARK) to Sell

Zacks Investment Research lowered shares of Remark (NASDAQ:MARK) from a buy rating to a sell rating in a report published on Thursday morning, reports.

According to Zacks, “Remark Holdings Inc. primarily focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers. Additionally, the company owns and operates digital media properties which deliver relevant, dynamic content. It operates principally in Los Angeles, California and in Beijing, Shanghai, Chengdu and Hangzhou, China. Remark Holdings Inc., formerly known as Remark Media Inc., is headquartered in Las Vegas, Nevada. “

Several other brokerages have also recently issued reports on MARK. ValuEngine cut shares of Remark from a buy rating to a hold rating in a report on Thursday, July 2nd. Roth Capital reiterated a buy rating and set a $4.25 target price on shares of Remark in a report on Wednesday, July 8th.

NASDAQ MARK opened at $1.55 on Thursday. The company’s 50-day moving average price is $1.94 and its 200-day moving average price is $1.14. The stock has a market cap of $154.08 million, a PE ratio of -2.98 and a beta of 3.34. Remark has a 12 month low of $0.25 and a 12 month high of $3.56.

Remark (NASDAQ:MARK) last issued its earnings results on Monday, July 6th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $0.43 million for the quarter. Research analysts forecast that Remark will post -0.19 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in MARK. UBS Group AG bought a new stake in shares of Remark in the 2nd quarter valued at about $28,000. XTX Markets LLC bought a new stake in shares of Remark in the 2nd quarter valued at about $42,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Remark in the 2nd quarter valued at about $54,000. RDA Financial Network bought a new stake in shares of Remark in the 2nd quarter valued at about $60,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Remark by 12.9% in the 4th quarter. Renaissance Technologies LLC now owns 235,713 shares of the information services provider’s stock valued at $121,000 after buying an additional 26,900 shares in the last quarter. Institutional investors and hedge funds own 6.12% 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.

Featured Story: The Structure of a Futures Contract

Get a free copy of the Zacks research report on Remark (MARK)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Remark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Remark and related companies with's FREE daily email newsletter.