Remark (MARK) Shares Down 6.4% on Insider Selling

Remark Holdings, Inc. (NASDAQ:MARK) shares fell 6.4% during mid-day trading on Friday following insider selling activity. The stock traded as low as $12.80 and last traded at $13.10. 1,832,336 shares traded hands during trading, an increase of 2% from the average session volume of 1,800,669 shares. The stock had previously closed at $13.99.

Specifically, CFO Douglas Osrow sold 20,000 shares of Remark stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $13.02, for a total value of $260,400.00. Following the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $260,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 32.50% of the company’s stock.

Several research firms have recently weighed in on MARK. BidaskClub raised Remark from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. ValuEngine upgraded Remark from a “sell” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $8.00 target price on shares of Remark in a report on Monday, October 2nd.

The company has a market cap of $382.25, a price-to-earnings ratio of -11.29 and a beta of 1.69.

Remark (NASDAQ:MARK) last announced its earnings results on Monday, November 13th. The information services provider reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.16). equities research analysts expect that Remark Holdings, Inc. will post -1.03 earnings per share for the current year.

An institutional investor recently bought a new position in Remark stock. Bank of Montreal Can bought a new stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 44,000 shares of the information services provider’s stock, valued at approximately $428,000. Bank of Montreal Can owned 0.16% of Remark as of its most recent filing with the SEC. Institutional investors own 11.74% of the company’s stock.

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Remark 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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