Newmark Group (NASDAQ:NMRK) Lowered to Buy Rating by 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 report issued to clients and investors on Monday.

Other analysts have also issued reports about the stock. Piper Sandler restated an “overweight” rating and set a $19.00 price objective on shares of Newmark Group in a research note on Monday, June 29th. Weiss Ratings upgraded shares of Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Citizens Jmp increased their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company a “market outperform” rating in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods raised their price target on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research report on Friday, May 1st. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.62.

Newmark Group Stock Performance

NASDAQ NMRK opened at $15.60 on Monday. Newmark Group has a 12 month low of $12.20 and a 12 month high of $19.83. The stock has a market cap of $2.77 billion, a P/E ratio of 19.26 and a beta of 1.68. The stock’s fifty day moving average price is $14.98 and its 200-day moving average price is $15.54. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $846.52 million during the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%. As a group, equities analysts forecast that Newmark Group will post 1.91 EPS for the current fiscal year.

Institutional Trading of Newmark Group

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in Newmark Group by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after acquiring an additional 227,649 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Newmark Group by 88.9% in 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Newmark Group by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock worth $30,199,000 after purchasing an additional 55,628 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of Newmark Group by 422.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 2,039,976 shares of the company’s stock worth $35,373,000 after purchasing an additional 1,649,189 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Newmark Group by 32.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,793,401 shares of the company’s stock worth $33,447,000 after purchasing an additional 435,646 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.