Remark Media, Inc. (MARK) Price Target Increased to $8.00 by Analysts at Roth Capital

Remark Media, Inc. (NASDAQ:MARK) had its price objective hoisted by equities research analysts at Roth Capital to $8.00 in a report released on Tuesday. The firm currently has a “buy” rating on the information services provider’s stock. Roth Capital’s price objective suggests a potential upside of 115.63% from the stock’s current price.

Other equities analysts have also issued research reports about the company. ValuEngine upgraded Remark Media from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Remark Media from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th.

Shares of Remark Media (NASDAQ MARK) traded up $0.03 during trading on Tuesday, hitting $3.71. The stock had a trading volume of 284,700 shares, compared to its average volume of 164,059. Remark Media has a 1 year low of $1.93 and a 1 year high of $4.87.

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An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. bought a new stake in Remark Media, Inc. (NASDAQ:MARK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period. 14.68% of the stock is owned by institutional investors.

Remark Media Company Profile

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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