Remark (NASDAQ:MARK) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK) in a report issued on Monday. The firm set a “sell” rating on the information services provider’s stock.

Remark Stock Up 7.3 %

Shares of Remark stock opened at $0.19 on Monday. The stock’s fifty day moving average is $0.32 and its two-hundred day moving average is $0.43. Remark has a 52 week low of $0.14 and a 52 week high of $1.83.

Hedge Funds Weigh In On Remark

Several hedge funds have recently bought and sold shares of MARK. UBS Group AG lifted its holdings in shares of Remark by 292.8% in the 1st quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after buying an additional 21,960 shares during the period. Bank of America Corp DE purchased a new stake in shares of Remark in the 1st quarter worth $35,000. Cannell & Co. lifted its holdings in shares of Remark by 44.3% in the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock worth $48,000 after buying an additional 30,000 shares during the period. State Street Corp lifted its holdings in shares of Remark by 33.4% in the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock worth $282,000 after buying an additional 86,348 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Remark by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock worth $244,000 after buying an additional 131,348 shares during the period. Institutional investors own 8.50% of the company’s stock.

About Remark

Remark Holdings, Inc primarily focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. It operates a data and AI software platform that offers AI-based computer vision products, computing devices, and software-as-a-service solutions; and Smart Safety Platform, a software solution that uses computer vision to detect persons, objects, and behavior in video feeds, as well as provides Remark AI Thermal kits and rPad products and services.