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

Newmark Group (NASDAQ:NMRK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research report on Thursday. Piper Sandler restated a “neutral” rating and set a $13.00 target price (down from $14.00) on shares of Newmark Group in a research note on Monday, October 19th. Citizens Jmp dropped their target price on Newmark Group from $22.00 to $17.00 and set a “market outperform” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods cut their price target on 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, Barclays increased their price target on Newmark Group from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.60.

Newmark Group Stock Performance

NASDAQ NMRK opened at $11.52 on Friday. The company’s fifty day simple moving average is $13.70 and its 200-day simple moving average is $14.73. 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 stock has a market cap of $2.09 billion, a P/E ratio of 14.22 and a beta of 1.76.

Newmark Group (NASDAQ:NMRK) last announced its earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 1.94 EPS for the current fiscal year.

Institutional Trading of Newmark Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of Newmark Group by 2.8% in the second quarter. Arizona State Retirement System now owns 42,768 shares of the company’s stock worth $646,000 after acquiring an additional 1,161 shares in the last quarter. Millstone Evans Group LLC raised its holdings in shares of Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after acquiring an additional 1,293 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Newmark Group by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,724 shares of the company’s stock valued at $251,000 after acquiring an additional 1,471 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Newmark Group by 29.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Newmark Group in the 2nd quarter valued at approximately $41,000. Institutional investors own 58.42% of the company’s stock.

About Newmark Group

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.