Newmark Group (NASDAQ:NMRK) Stock Price Target Lowered at Keefe, Bruyette & Woods

Newmark Group (NASDAQ:NMRK) had its price target decreased by equities researchers at Keefe, Bruyette & Woods from $17.50 to $16.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 31.63% from the company’s previous close.

Several other brokerages have also commented on NMRK. Weiss Ratings lowered shares of Newmark Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Wall Street Zen lowered Newmark Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Newmark Group in a research note on Monday, June 29th. Finally, Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research note on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Newmark Group Stock Down 2.9%

Shares of Newmark Group stock traded down $0.36 during trading on Friday, hitting $12.15. 416,959 shares of the stock traded hands, compared to its average volume of 1,540,184. The stock has a market cap of $2.20 billion, a P/E ratio of 15.01 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.55. Newmark Group has a twelve month low of $11.90 and a twelve month high of $19.83. The company has a fifty day moving average price of $14.44 and a two-hundred day moving average price of $14.96.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $888.42 million for the quarter, compared to the consensus estimate of $865.24 million. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%.The firm’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Equities research analysts predict that Newmark Group will post 1.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NMRK. Hillsdale Investment Management Inc. boosted its position in shares of Newmark Group by 115,331.1% during the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock valued at $7,786,000 after acquiring an additional 518,990 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Newmark Group in the first quarter worth about $5,435,000. FJ Capital Management LLC raised its position in Newmark Group by 402.5% in the fourth quarter. FJ Capital Management LLC now owns 418,973 shares of the company’s stock worth $7,265,000 after purchasing an additional 335,594 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Newmark Group during the second quarter worth about $4,415,000. Finally, Dimensional Fund Advisors LP lifted its stake in Newmark Group by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company’s stock worth $80,095,000 after purchasing an additional 227,649 shares during the period. Institutional investors and hedge funds own 58.42% of the company’s stock.

About Newmark Group

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.