Remark Media, Inc. (NASDAQ:MARK) had its price objective lifted by investment analysts at Roth Capital to $8.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the information services provider’s stock. Roth Capital’s price objective would suggest a potential upside of 65.98% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Remark Media from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine upgraded Remark Media from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
Remark Media (NASDAQ MARK) opened at $4.82 on Tuesday. Remark Media has a twelve month low of $1.93 and a twelve month high of $5.20.
A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. acquired a new position in shares of Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned 1.01% of Remark Media at the end of the most recent quarter. Institutional investors and hedge funds own 14.68% of the company’s stock.
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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