NewtekOne (NASDAQ:NEWT) Stock Crosses Above 200 Day Moving Average – What’s Next?

NewtekOne, Inc. (NASDAQ:NEWT)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.52 and traded as high as $13.78. NewtekOne shares last traded at $13.70, with a volume of 116,673 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEWT. Wall Street Zen upgraded shares of NewtekOne from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Keefe, Bruyette & Woods increased their price objective on NewtekOne from $12.00 to $13.00 and gave the company a “market perform” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NewtekOne has an average rating of “Moderate Buy” and a consensus target price of $15.00.

NewtekOne Trading Up 1.3%

The business’s 50-day moving average price is $12.92 and its 200 day moving average price is $12.52. The company has a market cap of $395.38 million, a P/E ratio of 6.04 and a beta of 1.29. The company has a debt-to-equity ratio of 6.76, a quick ratio of 0.64 and a current ratio of 0.64.

NewtekOne (NASDAQ:NEWT) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. NewtekOne had a net margin of 16.15% and a return on equity of 19.00%. The company had revenue of $88.18 million during the quarter, compared to the consensus estimate of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, analysts expect that NewtekOne, Inc. will post 2.38 earnings per share for the current year.

Institutional Trading of NewtekOne

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in shares of NewtekOne during the 3rd quarter worth about $46,000. Quantbot Technologies LP bought a new stake in shares of NewtekOne during the 2nd quarter worth about $107,000. Dumont & Blake Investment Advisors LLC bought a new stake in shares of NewtekOne during the 1st quarter worth about $118,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NewtekOne during the 3rd quarter worth about $150,000. Finally, Cerity Partners LLC boosted its holdings in shares of NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock worth $156,000 after buying an additional 2,095 shares during the period. Institutional investors own 38.35% of the company’s stock.

About NewtekOne

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.