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

Wall Street Zen lowered shares of Newmark Group (NASDAQ:NMRK) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Several other analysts have also recently commented on the company. Zacks Research cut Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Citigroup restated a “market outperform” rating on shares of Newmark Group in a research note on Thursday. Keefe, Bruyette & Woods reduced their price target on shares of Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Piper Sandler restated a “neutral” rating and set a $13.00 price objective (down from $14.00) on shares of Newmark Group in a research note on Monday, October 19th. Finally, Barclays increased their target price on Newmark Group from $19.00 to $20.00 and gave the stock 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.60.

Newmark Group Stock Down 1.6%

NMRK stock opened at $11.34 on Friday. The company’s 50-day moving average price is $13.70 and its 200 day moving average price is $15.01. Newmark Group has a 52 week low of $11.26 and a 52 week high of $19.62. 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 company has a market cap of $2.06 billion, a P/E ratio of 6.33 and a beta of 1.76.

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

Hedge Funds Weigh In On Newmark Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC increased its holdings in shares of Newmark Group by 366.3% in the 1st quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock valued at $25,000 after purchasing an additional 1,293 shares during the period. Nykredit A S bought a new position in Newmark Group during the second quarter valued at approximately $41,000. Ancora Advisors LLC acquired a new stake in Newmark Group in the second quarter valued at approximately $45,000. Signaturefd LLC lifted its stake in Newmark Group by 87.4% in the third quarter. Signaturefd LLC now owns 5,863 shares of the company’s stock valued at $72,000 after acquiring an additional 2,735 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Newmark Group by 9,157.7% in the first quarter. Fifth Third Bancorp now owns 8,980 shares of the company’s stock valued at $135,000 after acquiring an additional 8,883 shares during the last quarter. Institutional investors and hedge funds 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.