Remark Media, Inc. (NASDAQ:MARK) PT Set at $8.00 by Roth Capital

Roth Capital set a $8.00 target price on Remark Media, Inc. (NASDAQ:MARK) in a research note published on Wednesday morning. The firm currently has a buy rating on the information services provider’s stock.

Separately, Zacks Investment Research lowered Remark Media from a hold rating to a sell rating in a research report on Friday, April 14th.

Remark Media (NASDAQ:MARK) opened at 2.80 on Wednesday. Remark Media has a 12-month low of $1.93 and a 12-month high of $4.80. The stock has a 50 day moving average price of $2.86 and a 200-day moving average price of $2.94. The stock’s market capitalization is $63.43 million.

Remark Media (NASDAQ:MARK) last issued its quarterly earnings data on Thursday, August 10th. The information services provider reported ($0.19) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.09. The firm had revenue of $17.26 million during the quarter, compared to analyst estimates of $17.92 million. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 45.02%. On average, equities analysts anticipate that Remark Media will post ($0.75) earnings per share for the current fiscal year.

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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 its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. Institutional investors and hedge funds own 13.61% 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 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 and its related Websites, including, mobile applications and retail locations.

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