Remark Media, Inc. (MARK) Stock Price Down 3.7%
Remark Media, Inc. (NASDAQ:MARK)’s share price fell 3.7% during trading on Thursday . The company traded as low as $3.68 and last traded at $3.63. 121,483 shares changed hands during trading, an increase of 54% from the average session volume of 78,636 shares. The stock had previously closed at $3.77.
A number of research firms have commented on MARK. Roth Capital set a $8.00 price objective on Remark Media and gave the stock a “buy” rating in a research note on Wednesday, August 9th. ValuEngine upgraded Remark Media from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Remark Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
Remark Media (NASDAQ:MARK) last released its quarterly earnings results on Thursday, August 10th. The information services provider reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.09. The firm had revenue of $17.26 million for the quarter, compared to analysts’ expectations of $17.92 million. Remark Media had a negative net margin of 45.02% and a negative return on equity of 4,860.73%.
A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. bought a new stake in Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned about 1.01% of Remark Media as of its most recent SEC filing. Hedge funds and other institutional investors own 14.74% of the company’s stock.
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About Remark Media
Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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