Remark (NASDAQ:MARK) Cut to Hold at Zacks Investment Research
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. “
Separately, ValuEngine lowered USD Partners from a hold rating to a sell rating in a research report on Friday, June 14th.
Remark (NASDAQ:MARK) last posted its earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.42) by $0.19. The firm had revenue of $19.46 million for the quarter, compared to analyst estimates of $18.90 million. Analysts forecast that Remark will post -0.85 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of MARK. GSA Capital Partners LLP acquired a new stake in Remark in the 4th quarter valued at about $26,000. Geode Capital Management LLC raised its position in 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 purchasing an additional 18,223 shares in the last quarter. Brighton Jones LLC acquired a new stake in Remark in the 1st quarter valued at about $27,000. Finally, Rhumbline Advisers raised its position in 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 purchasing an additional 10,410 shares in the last quarter. 18.04% of the stock is currently owned by institutional investors.
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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