Newmark Group, Inc. (NASDAQ:NMRK) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Newmark Group, Inc. (NASDAQ:NMRK) have earned an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.4286.

A number of brokerages have weighed in on NMRK. Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th. Barclays initiated coverage on Newmark Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on Newmark Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Citigroup restated a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On Newmark Group

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Newmark Group by 5.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,823,432 shares of the company’s stock valued at $46,460,000 after acquiring an additional 213,941 shares during the period. Ameriprise Financial Inc. increased its stake in 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 acquiring an additional 1,186,191 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Newmark Group by 2.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,481,417 shares of the company’s stock valued at $30,199,000 after purchasing an additional 55,628 shares during the last quarter. Boston Partners grew its position in Newmark Group by 65.2% in the second quarter. Boston Partners now owns 2,212,910 shares of the company’s stock worth $26,899,000 after acquiring an additional 873,180 shares in the last quarter. Finally, Leeward Investments LLC MA boosted its holdings in shares of Newmark Group by 9.4% in the 2nd quarter. Leeward Investments LLC MA now owns 1,847,999 shares of the company’s stock worth $22,453,000 after purchasing an additional 158,254 shares during the period. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Stock Down 1.1%

Shares of Newmark Group stock opened at $16.18 on Friday. Newmark Group has a 1 year low of $9.65 and a 1 year high of $19.83. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 28.39 and a beta of 1.91. The company has a 50-day moving average of $17.32 and a 200 day moving average of $17.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39.

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.