Newmark Group (NASDAQ:NMRK) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Newmark Group from “buy” to “hold.” Despite the downgrade, analysts’ consensus remains “Moderate Buy,” with an average price target of $17.60.
• Newmark shares opened at $11.52, near their 52-week low of $11.26, with a market capitalization of approximately $2.09 billion. The stock’s 50-day and 200-day moving averages were $13.70 and $14.73, respectively.
• The company matched quarterly EPS expectations at $0.39 and exceeded revenue estimates with $888.42 million, up 17% year over year. Institutional investors own approximately 58.42% of the stock.

Newmark Group (NASDAQ:NMRK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Several other equities research analysts have also weighed in on NMRK. UBS Group set a $22.00 target price on shares of Newmark Group in a report on Monday, August 10th. Piper Sandler reaffirmed 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. Zacks Research lowered shares of Newmark Group from a "strong-buy" rating to a "hold" rating in a report on Friday, September 18th. Barclays lifted their target price on shares of Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Newmark Group from $17.50 to $16.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Newmark Group has a consensus rating of "Moderate Buy" and an average target price of $17.60.

Newmark Group Stock Performance

NMRK opened at $11.52 on Friday. The stock has a market cap of $2.09 billion, a PE ratio of 6.49 and a beta of 1.76. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. Newmark Group has a 1 year low of $11.26 and a 1 year high of $19.83. The stock's 50 day simple moving average is $13.70 and its 200-day simple moving average is $14.73.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $888.42 million during 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%. Newmark Group's quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. Sell-side analysts forecast that Newmark Group will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NMRK. Dimensional Fund Advisors LP increased its position in Newmark Group by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company's stock worth $80,095,000 after purchasing an additional 227,649 shares during the period. Systematic Financial Management LP grew its stake in shares of Newmark Group by 7.7% during the first quarter. Systematic Financial Management LP now owns 1,692,518 shares of the company's stock worth $25,371,000 after purchasing an additional 121,011 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Newmark Group by 18.9% during the first quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company's stock worth $17,584,000 after purchasing an additional 186,236 shares during the period. Sei Investments Co. increased its holdings in Newmark Group by 9.6% in the first quarter. Sei Investments Co. now owns 814,101 shares of the company's stock valued at $12,203,000 after purchasing an additional 71,516 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Newmark Group by 30.6% in the first quarter. Bank of America Corp DE now owns 543,309 shares of the company's stock valued at $8,144,000 after purchasing an additional 127,365 shares during the last quarter. 58.42% of the stock is currently owned by institutional investors.

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.

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