Remark Holdings Inc (NASDAQ:MARK) Shares Sold by BlackRock Inc.

BlackRock Inc. lowered its stake in Remark Holdings Inc (NASDAQ:MARK) by 84.1% during the second quarter, according to its most recent 13F filing …

Remark logoBlackRock Inc. lowered its stake in Remark Holdings Inc (NASDAQ:MARK) by 84.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,339 shares of the information services provider’s stock after selling 1,200,697 shares during the period. BlackRock Inc. owned about 0.53% of Remark worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Cutter & CO Brokerage Inc. purchased a new position in shares of Remark in the 2nd quarter valued at about $250,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Remark from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine downgraded Remark from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Finally, Roth Capital set a $5.00 price target on Remark and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

NASDAQ:MARK opened at $0.72 on Friday. The stock’s 50 day moving average price is $0.94 and its 200 day moving average price is $0.97. The company has a market capitalization of $30.70 million, a PE ratio of -0.57 and a beta of 1.96. Remark Holdings Inc has a 52-week low of $0.54 and a 52-week high of $4.57.

Remark (NASDAQ:MARK) last released its quarterly earnings results on Thursday, August 8th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. The firm had revenue of $2.87 million for the quarter, compared to analysts’ expectations of $3.49 million. Equities research analysts predict that Remark Holdings Inc will post -0.5 EPS for the current fiscal year.

Remark Company Profile

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.

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Institutional Ownership by Quarter for Remark (NASDAQ:MARK)

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