Remark (NASDAQ:MARK) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Remark (NASDAQ:MARK) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Stock Down 5.9 %

Shares of NASDAQ:MARK opened at $0.16 on Tuesday. The stock’s 50-day moving average is $0.28 and its 200-day moving average is $0.42. Remark has a 52-week low of $0.14 and a 52-week high of $1.83.

Institutional Investors Weigh In On Remark

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its stake in shares of Remark by 292.8% in the first quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock valued at $25,000 after buying an additional 21,960 shares during the period. Bank of America Corp DE bought a new stake in shares of Remark in the first quarter valued at about $35,000. Cannell & Co. lifted its stake in shares of Remark by 44.3% in the fourth quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after buying an additional 30,000 shares during the period. State Street Corp lifted its stake in shares of Remark by 33.4% in the first quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after buying an additional 86,348 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Remark by 36.7% in the third quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock valued at $244,000 after buying an additional 131,348 shares during the period. Institutional investors own 8.50% of the company’s stock.

Remark Company Profile

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.