Newmark Group (NASDAQ:NMRK) Stock Gets Price Target Reduction from Citizens Jmp

Newmark Group (NASDAQ:NMRK) had its target price lowered by stock analysts at Citizens Jmp from $22.00 to $17.00 in a report released on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target would indicate a potential upside of 43.53% from the company’s current price.

Several other equities analysts also recently commented on NMRK. Zacks Research downgraded shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Wall Street Zen lowered shares of Newmark Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 5th. UBS Group set a $22.00 target price on shares of Newmark Group in a research note on Monday, August 10th. Keefe, Bruyette & Woods decreased their target price on shares of Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Finally, Piper Sandler reiterated a “neutral” rating and set a $13.00 price target (down from $14.00) on shares of Newmark Group in a report on Monday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.60.

Newmark Group Price Performance

Newmark Group stock traded up $0.36 during midday trading on Thursday, reaching $11.84. The company’s stock had a trading volume of 467,801 shares, compared to its average volume of 1,558,170. Newmark Group has a 52 week low of $11.26 and a 52 week high of $19.83. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $13.85 and a 200-day moving average price of $14.77. The stock has a market cap of $2.15 billion, a PE ratio of 14.60 and a beta of 1.76.

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

Hedge Funds Weigh In On Newmark Group

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Newmark Group by 4.4% in 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 last quarter. Systematic Financial Management LP raised its position in Newmark Group by 7.7% during the 1st quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company’s stock worth $25,371,000 after purchasing an additional 121,011 shares during the last quarter. Bank of New York Mellon Corp raised its position in 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 purchasing an additional 186,236 shares during the last quarter. Sei Investments Co. raised its position in Newmark Group by 9.6% during the 1st quarter. Sei Investments Co. now owns 814,101 shares of the company’s stock worth $12,203,000 after purchasing an additional 71,516 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Newmark Group by 30.6% during the 1st quarter. Bank of America Corp DE now owns 543,309 shares of the company’s stock worth $8,144,000 after purchasing an additional 127,365 shares during the last quarter. Institutional investors and hedge funds own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.