Newmark Group (NASDAQ:NMRK) Stock Rating Upgraded by Wall Street Zen

Newmark Group (NASDAQ:NMRK) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Other equities analysts have also recently issued research reports about the company. Citizens Jmp boosted their price objective on Newmark Group from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price target on Newmark Group from $18.00 to $18.50 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $19.00 price target on shares of Newmark Group in a report on Monday, June 29th. Finally, Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.62.

Newmark Group Stock Performance

NMRK traded down $0.14 during trading on Friday, hitting $15.20. The stock had a trading volume of 711,880 shares, compared to its average volume of 1,296,499. The firm has a market cap of $2.70 billion, a PE ratio of 18.77 and a beta of 1.68. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.50. Newmark Group has a 12 month low of $12.06 and a 12 month high of $19.83. The company has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $15.63.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings results on Friday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $846.52 million during the quarter. Newmark Group had a net margin of 4.30% and a return on equity of 26.23%. Analysts expect that Newmark Group will post 1.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC boosted its stake in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after buying an additional 1,293 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Newmark Group during the 3rd quarter worth about $29,000. Larson Financial Group LLC boosted its position in shares of Newmark Group by 98.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock valued at $34,000 after acquiring an additional 915 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Newmark Group by 42.4% during the 4th quarter. Farther Finance Advisors LLC now owns 2,676 shares of the company’s stock valued at $46,000 after acquiring an additional 797 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Newmark Group by 4,587.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after acquiring an additional 4,587 shares during the period. 58.42% of the stock is owned by institutional investors.

About Newmark Group

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.