Piper Sandler Has Lowered Expectations for Newmark Group (NASDAQ:NMRK) Stock Price

Newmark Group (NASDAQ:NMRK) had its price objective reduced by Piper Sandler from $19.00 to $14.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 19.56% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. UBS Group set a $22.00 price objective on shares of Newmark Group in a research note on Monday, August 10th. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a report on Monday, August 10th. Barclays lifted their price objective on shares of Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Finally, Weiss Ratings downgraded shares of Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.80.

Newmark Group Trading Down 0.3%

NASDAQ NMRK opened at $11.71 on Monday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 6.45 and a beta of 1.76. Newmark Group has a 52 week low of $11.43 and a 52 week high of $19.83. The business has a 50 day moving average price of $14.23 and a 200-day moving average price of $14.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The company had revenue of $888.42 million for the quarter, compared to analyst estimates of $865.24 million. During the same period in the prior year, the firm earned $0.31 earnings per share. Newmark Group’s revenue for the quarter was up 17.0% on a year-over-year basis. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, equities analysts expect that Newmark Group will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newmark Group

Several large investors have recently bought and sold shares of NMRK. Assenagon Asset Management S.A. purchased a new stake in Newmark Group in the 2nd quarter valued at about $4,415,000. Bank of New York Mellon Corp lifted its position in shares of Newmark Group by 18.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company’s stock worth $17,584,000 after buying an additional 186,236 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Newmark Group during the 2nd quarter worth approximately $1,532,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Newmark Group in the 1st quarter worth approximately $1,079,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Newmark Group by 115,331.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock worth $7,786,000 after buying an additional 518,990 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company’s services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.