Newmark Group (NASDAQ:NMRK) Rating Lowered to “Buy” at Wall Street Zen

Newmark Group (NASDAQ:NMRK) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Several other equities research analysts also recently commented on NMRK. Piper Sandler reaffirmed an “overweight” rating and set a $19.00 target price on shares of Newmark Group in a report on Monday, June 29th. Weiss Ratings raised Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. 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 report on Friday, May 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.62.

Newmark Group Stock Up 1.5%

NMRK stock opened at $15.74 on Monday. The firm has a market cap of $2.79 billion, a PE ratio of 19.43 and a beta of 1.68. Newmark Group has a 12 month low of $12.80 and a 12 month high of $19.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $14.95 and a 200 day simple moving average of $15.51.

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

Hedge Funds Weigh In On Newmark Group

A number of hedge funds have recently modified their holdings of NMRK. Advisory Services Network LLC bought a new stake in shares of Newmark Group in the 3rd quarter valued at approximately $29,000. Millstone Evans Group LLC increased its stake in shares of Newmark Group by 366.3% during the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after purchasing an additional 1,293 shares during the last quarter. Larson Financial Group LLC increased its stake 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 worth $34,000 after purchasing an additional 915 shares during the last quarter. Farther Finance Advisors LLC raised its holdings 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 purchasing an additional 797 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Newmark Group by 4,587.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,687 shares of the company’s stock valued at $82,000 after purchasing an additional 4,587 shares in the last quarter. 58.42% of the stock is owned by institutional investors and hedge funds.

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.