Newmark Group (NASDAQ:NMRK) Rating Lowered to Hold at Zacks Research

Newmark Group (NASDAQ:NMRK) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other research firms also recently commented on NMRK. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a report on Saturday, September 27th. Citizens Jmp initiated coverage on shares of Newmark Group in a report on Monday, July 21st. They issued a “strong-buy” rating and a $17.00 price target on the stock. Wall Street Zen upgraded shares of Newmark Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods increased their price objective on shares of Newmark Group from $14.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, July 24th. Finally, JMP Securities lifted their target price on shares of Newmark Group from $17.00 to $19.00 and gave the company a “market outperform” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.83.

Newmark Group Stock Performance

Shares of NMRK stock opened at $18.18 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 43.29 and a beta of 2.09. Newmark Group has a one year low of $9.65 and a one year high of $19.78. The company has a 50 day moving average price of $17.69 and a 200 day moving average price of $13.68.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company had revenue of $759.10 million during the quarter, compared to analysts’ expectations of $695.24 million. During the same period in the previous year, the company earned $0.22 EPS. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. Sell-side analysts anticipate that Newmark Group will post 1.45 EPS for the current year.

Institutional Investors Weigh In On Newmark Group

A number of hedge funds have recently bought and sold shares of NMRK. Two Sigma Investments LP acquired a new position in shares of Newmark Group in the 4th quarter valued at approximately $287,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Newmark Group by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company’s stock worth $420,000 after buying an additional 1,286 shares during the last quarter. GAMMA Investing LLC raised its holdings in Newmark Group by 1,510.9% in the first quarter. GAMMA Investing LLC now owns 16,576 shares of the company’s stock valued at $202,000 after acquiring an additional 15,547 shares in the last quarter. SG Americas Securities LLC raised its holdings in Newmark Group by 822.8% in the first quarter. SG Americas Securities LLC now owns 427,144 shares of the company’s stock valued at $5,198,000 after acquiring an additional 380,855 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Newmark Group during the 1st quarter valued at $916,000. Institutional investors and hedge funds own 58.42% of the company’s stock.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.