Newmark Group (NASDAQ:NMRK) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Newmark Group (NASDAQ:NMRK) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods upped their price target on Newmark Group from $18.00 to $18.50 and gave the company an “outperform” rating in a research note on Friday, May 1st. Weiss Ratings upgraded Newmark Group from a “hold (c)” rating to a “hold (c+)” rating in a research report 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. Zacks Research upgraded shares of Newmark Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $19.00 target price on shares of Newmark Group in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $19.62.

Newmark Group Stock Performance

NMRK stock opened at $16.19 on Tuesday. The company has a 50 day moving average price of $15.04 and a 200 day moving average price of $15.45. Newmark Group has a fifty-two week low of $13.36 and a fifty-two week 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 stock has a market capitalization of $2.87 billion, a PE ratio of 19.99 and a beta of 1.68.

Newmark Group (NASDAQ:NMRK) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.08 EPS for the quarter. The firm had revenue of $846.52 million for the quarter. Newmark Group had a return on equity of 26.23% and a net margin of 4.30%. Analysts forecast that Newmark Group will post 1.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robertson Stephens Wealth Management LLC boosted its stake in Newmark Group by 22.6% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 397,408 shares of the company’s stock worth $6,891,000 after acquiring an additional 73,239 shares during the last quarter. SG Americas Securities LLC grew its holdings in Newmark Group by 244.6% during the fourth quarter. SG Americas Securities LLC now owns 408,974 shares of the company’s stock valued at $7,092,000 after purchasing an additional 290,302 shares during the period. Hillsdale Investment Management Inc. increased its stake in Newmark Group by 115,331.1% in the first quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company’s stock valued at $7,786,000 after purchasing an additional 518,990 shares in the last quarter. LBP AM SA bought a new stake in Newmark Group in the fourth quarter valued at approximately $4,940,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Newmark Group in the first quarter worth $1,079,000. 58.42% of the stock is currently 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.