Remark Holdings (MARK) Receives a Rating Update from a Top Analyst


In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Remark Holdings (MARK), with a price target of $6.00. The company’s shares closed last Wednesday at $3.74.

According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 60.8% and a 60.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Digital Turbine, and SharpSpring.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Remark Holdings with a $6.00 average price target.

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Based on Remark Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.65 million and net profit of $4.41 million. In comparison, last year the company earned revenue of $686K and had a GAAP net loss of $4.94 million.

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Remark Holdings, Inc. focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers in many industries. It owns and operates digital media properties that deliver content. The provides websites and applications for mobile devices, which include travel, personal finance, social media, young adult lifestyle, and entertainment category. The company was founded on March 14, 2006 and is headquartered in Las Vegas, NV.

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