Internet Stocks' Research Reports Released on Remark, Weibo, Blucora, and Zillow
NEW YORK, Dec. 5, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on MARK, WB, BCOR, and ZG which is a click away at http://www.wallstequities.com/registration. Ahead of today's trading session, WallSt.Equities.com tracks the recent performance of Remark Holdings Inc. (NASDAQ: MARK), Weibo Corp. (NASDAQ: WB), Blucora Inc. (NASDAQ: BCOR), and Zillow Group Inc. (NASDAQ: ZG). According to a PatSnap report, the main technology areas in the Internet Information Providers space are electric digital data processing, transmission of digital information, and wireless communication networks. Following registration on Wall St. Equities, get access to today's free stock reports at: http://www.wallstequities.com/registration
Remark Holdings
Nevada headquartered Remark Holdings Inc.'s stock finished Monday's session 10.00% lower at $7.92. A total volume of 1.33 million shares was traded, which was above their three months average volume of 1.03 million shares. The Company's shares have surged 130.23% in the past month, 195.52% over the previous three months, and 102.04% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 74.83% and 138.30%, respectively. Furthermore, shares of Remark, which owns, operates, and acquires digital media properties across multiple verticals that deliver content worldwide, have a Relative Strength Index (RSI) of 62.52.
On November 13th, 2017, Remark reported its financial results for the three months ended September 30th, 2017. Net revenue for Q3 2017 was $19.4 million, total cost and expense was $25.4 million, operating loss was $5.9 million, and net loss was $13.3 million. At September 30th, 2017, cash and cash equivalents balance was $16.0 million, and total restricted cash was $11.7 million. Start your free membership with our free report on MARK at: http://www.wallstequities.com/registration/?symbol=MARK
eibo
Shares in China headquartered Weibo Corp. ended at $102.03, dropping 2.67% from the last trading session. The stock recorded a trading volume of 2.65 million shares, which was above its three months average volume of 1.98 million shares. The Company's shares have gained 7.76% in the last one month and 151.31% on an YTD basis. The stock is trading 29.85% above its 200-day moving average. Moreover, shares of Weibo, which operates as a social media platform for people to create, distribute, and discover Chinese-language content, have an RSI of 40.90.
On November 07th, 2017, Weibo announced its unaudited financial results for Q3 2017. Net revenues for Q3 2017 totaled $320.0 million, net income was $101.1 million, and adjusted EBITDA was $135.9 million. In September 2017, monthly active users had a net addition of approximately 79 million users year-over-year and reached 376 million, and average daily active users had a net addition of approximately 33 million users year-over-year and reached 165 million.
On November 15th, 2017, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $100 a share to $120 a share. Gain free access to the research report on WB at: http://www.wallstequities.com/registration/?symbol=WB
Blucora
Washington headquartered Blucora Inc.'s stock ended yesterday's session 1.97% lower at $19.95 with a total trading volume of 355,452 shares. The Company's shares have advanced 35.25% on an YTD basis. The stock is trading 4.08% below its 200-day moving average. Additionally, shares of Blucora, which provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the US, have an RSI of 38.64.
On November 29th, 2017, Blucora announced that it has successfully completed an amendment to its credit agreement to reduce the interest rate on its $350-million senior secured term loan facility. The leverage-neutral transaction lowered the interest rate margin by 75 basis points to LIBOR, plus 300 basis points from LIBOR plus 375 basis points. The LIBOR floor remains at 1.00%. Signing up today Wall St. Equities give you access to the latest report on BCOR at: http://www.wallstequities.com/registration/?symbol=BCOR
Zillow Group
On Monday, shares in Washington headquartered Zillow Group Inc. recorded a trading volume of 285,316 shares. The stock finished 2.57% lower at $39.88. The Company's shares have advanced 0.53% in the last one month, 1.30% in the previous three months, and 9.41% since the start of this year. The stock is trading below its 200-day moving average by 2.08%. Furthermore, shares of Zillow have an RSI of 41.67.
On November 08th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $49 a share to $51 a share.
On November 15th, 2017, Zillow Group reported that its experts predict a shift toward suburban living next year, as low inventory and rising construction costs reach a tipping point, forcing builders and buyers to consider new options. Current homeowners will look to remodel their homes next year rather than sell, further limiting inventory, and with limited space to add new homes in city centers, suburban sprawl will make a return. Register now for today's free coverage on ZG at: http://www.wallstequities.com/registration/?symbol=ZG
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