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Saturday, February 29, 2020 9:28:07 PM
Roth Capital analyst Darren Aftahi reiterated a Buy rating and $7.50 price target on Remark Media (NASDAQ: MARK) after Privately-held Sharecare announced Quest Diagnostics (DGX-NC) as its preferred laboratory partner. Quest is also making a strategic investment in the company that MARK has a meaningful investment in. The analyst estimates that MARK owns ~4.5% of Sharecare and this announcement signals upcoming monetization.
The analyst stated "We believe this could set the stage for a potential IPO going forward. Based on our current analysis, we believe MARK’s stake is worth ~$150-$175M, implying ~$3.65-$4.31/share, multiples of its current ~$43M value. A liquidity event in Sharecare would help to much better capitalize MARK’s AI business".
https://www.streetinsider.com/Analyst+Comments/Remark+Media+%28MARK%29+Minority+Investment+May+Be+Worth+%244.30sh+-+Roth/15700955.html
Recent MARK News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/15/2024 08:54:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/15/2024 08:34:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/12/2024 08:09:38 PM
- Remark Holdings Sets Fiscal Year 2023 Financial Results Call for April 15, 2024, at 4:30 p.m. ET • PR Newswire (US) • 04/08/2024 01:00:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 04/02/2024 10:04:11 AM
- Remark AI Launches its Large Multimodal Model (LMM) AI-Powered Aviation Safety Platform (ASP) • PR Newswire (US) • 03/27/2024 01:00:00 PM
- OTC Markets Group Welcomes Remark Holdings Inc. to OTCQX • GlobeNewswire Inc. • 03/08/2024 12:00:00 PM
- Remark Holdings Enters into Cloud Services Agreement with Microsoft • PR Newswire (US) • 02/29/2024 02:01:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/16/2024 09:05:59 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/15/2024 05:15:33 AM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 02/14/2024 08:51:35 PM
- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 02/14/2024 05:04:40 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/14/2024 03:51:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 02:22:41 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 02/09/2024 10:10:46 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/08/2024 02:56:42 AM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 02/02/2024 09:13:13 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 09:54:06 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 09:19:18 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 12/29/2023 07:28:59 PM
- Remark Holdings Adjourns Annual Shareholder Meeting UntilJanuary 8, 2024 • PR Newswire (US) • 12/29/2023 06:39:00 PM
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