Newmark Group (NASDAQ:NMRK) Cut to Buy at Wall Street Zen

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

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Citizens Jmp upped their target price on shares of Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Finally, Barclays reduced their target price on Newmark Group from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.62.

Newmark Group Stock Up 1.7%

Shares of NASDAQ NMRK opened at $15.27 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $15.25 and a 200-day moving average of $15.76. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.85 and a beta of 1.69. Newmark Group has a 12 month low of $11.97 and a 12 month high of $19.83.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Friday, May 8th. The company reported $0.08 earnings per share for the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. The business had revenue of $846.52 million for the quarter. Sell-side analysts expect that Newmark Group will post 1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMRK. Bank of America Corp DE lifted its holdings in shares of Newmark Group by 30.6% in the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock worth $8,144,000 after acquiring an additional 127,365 shares during the last quarter. Amundi bought a new position in shares of Newmark Group during the 1st quarter valued at $305,000. California State Teachers Retirement System grew its holdings in shares of Newmark Group by 25.8% during the 1st quarter. California State Teachers Retirement System now owns 177,104 shares of the company’s stock valued at $2,655,000 after purchasing an additional 36,365 shares during the last quarter. Quantinno Capital Management LP raised its position in Newmark Group by 179.2% in the 1st quarter. Quantinno Capital Management LP now owns 103,590 shares of the company’s stock worth $1,553,000 after purchasing an additional 66,491 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Newmark Group by 12.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 315,169 shares of the company’s stock worth $4,724,000 after purchasing an additional 35,135 shares during the period. 58.42% of the stock is currently owned by institutional investors.

About Newmark Group

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.