Newmark Group (NASDAQ:NMRK) Raised to “Strong-Buy” at Wall Street Zen

Newmark Group (NASDAQ:NMRK) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently commented on NMRK. Weiss Ratings reiterated a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods lowered their target price on Newmark Group from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Barclays dropped their target price on Newmark Group from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Finally, Citigroup restated a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.80.

Newmark Group Trading Down 4.1%

NMRK opened at $14.30 on Friday. The company has a market cap of $2.64 billion, a P/E ratio of 21.03 and a beta of 1.89. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $15.48 and its 200-day moving average is $16.97. Newmark Group has a 1-year low of $9.65 and a 1-year high of $19.83.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Newmark Group had a net margin of 3.83% and a return on equity of 24.97%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $998.86 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Newmark Group has set its FY 2026 guidance at 1.820-1.920 EPS. Equities research analysts predict that Newmark Group will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newmark Group

Several institutional investors and hedge funds have recently made changes to their positions in NMRK. Balyasny Asset Management L.P. raised its position in shares of Newmark Group by 422.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after acquiring an additional 1,649,189 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Newmark Group by 319.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,604,326 shares of the company’s stock valued at $27,819,000 after purchasing an additional 1,222,069 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Newmark Group during the 2nd quarter valued at approximately $14,580,000. Ameriprise Financial Inc. raised its holdings in Newmark Group by 88.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,520,314 shares of the company’s stock worth $30,622,000 after purchasing an additional 1,186,191 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Newmark Group by 194.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,575,475 shares of the company’s stock worth $29,383,000 after purchasing an additional 1,039,798 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.