BidaskClub Lowers Remark (MARK) to Buy

Remark (NASDAQ:MARK) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

A number of other research analysts have also weighed in on MARK. Roth Capital reissued a “buy” rating and issued a $8.00 price objective on shares of Remark in a report on Monday, October 2nd. ValuEngine upgraded Remark from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd.

Remark (MARK) opened at $12.24 on Wednesday. The firm has a market capitalization of $339.08, a PE ratio of -10.55 and a beta of 1.69. Remark has a 1-year low of $1.93 and a 1-year high of $15.10.

Remark (NASDAQ:MARK) last announced its quarterly earnings data on Monday, November 13th. The information services provider reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.16). research analysts anticipate that Remark will post -1.03 EPS for the current fiscal year.

In other news, CFO Douglas Osrow sold 20,000 shares of Remark stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $13.02, for a total value of $260,400.00. Following the completion of the sale, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at $260,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 32.50% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Remark stock. Bank of Montreal Can purchased a new position in shares of Remark Holdings, Inc. (NASDAQ:MARK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,000 shares of the information services provider’s stock, valued at approximately $428,000. Bank of Montreal Can owned about 0.16% of Remark at the end of the most recent reporting period. 11.93% of the stock is owned by institutional investors.

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About Remark

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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