Newmark Group (NASDAQ:NMRK) Stock Keeps Neutral Rating at Piper Sandler

Key Points

• Piper Sandler reaffirmed its “neutral” rating on Newmark Group and lowered its price target from $14 to $13, implying approximately 9.6% upside from the stock’s $11.86 opening price.
• Analyst sentiment remains moderately positive overall: four analysts rate the stock a Buy and three rate it a Hold, resulting in a consensus “Moderate Buy” rating and an average target price of $18.60.
• Newmark’s latest quarterly results met EPS expectations at $0.39 and exceeded revenue estimates, with revenue rising 17% year over year to $888.42 million; institutional investors own 58.42% of the shares.

Newmark Group (NASDAQ:NMRK - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities researchers at Piper Sandler in a research report issued on Monday, Benzinga reports. They presently have a $13.00 target price on the stock, down from their prior target price of $14.00. Piper Sandler's target price suggests a potential upside of 9.61% from the stock's current price.

A number of other research analysts also recently issued reports on NMRK. Weiss Ratings upgraded Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Citigroup restated a "market outperform" rating on shares of Newmark Group in a research note on Monday, August 10th. Keefe, Bruyette & Woods dropped their price objective on Newmark Group from $17.50 to $16.00 and set an "outperform" rating on the stock in a research report on Friday, October 9th. Barclays lifted their target price on Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, August 17th. Finally, Wall Street Zen downgraded shares of Newmark Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 5th. 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, Newmark Group currently has an average rating of "Moderate Buy" and a consensus target price of $18.60.

Newmark Group Price Performance

NASDAQ:NMRK opened at $11.86 on Monday. The company has a 50-day moving average of $14.03 and a 200 day moving average of $14.84. Newmark Group has a 1-year low of $11.38 and a 1-year high of $19.83. The firm has a market cap of $2.15 billion, a PE ratio of 14.64 and a beta of 1.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.55 and a quick ratio of 0.55.

Newmark Group (NASDAQ:NMRK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $888.42 million for 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 company's quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the firm earned $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, research analysts anticipate that Newmark Group will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings 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 acquiring an additional 227,649 shares in the last quarter. Systematic Financial Management LP increased its holdings 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 valued at $25,371,000 after acquiring an additional 121,011 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Newmark Group by 18.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company's stock valued at $17,584,000 after purchasing an additional 186,236 shares during the last quarter. Sei Investments Co. raised its position in shares of Newmark Group by 9.6% in the 1st 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 raised its position in shares of Newmark Group by 30.6% in the 1st 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 owned by institutional investors and hedge funds.

Newmark Group Company Profile

Newmark Group, Inc is a commercial real estate services company that provides advisory, transaction, and property-related services to corporations, institutional investors, landlords, tenants, and other real estate owners and users. Its business spans office, industrial, retail, multifamily, hospitality, and other property sectors.

The company's services include leasing, investment sales, debt and structured finance, valuation and advisory, property management, and facilities management.

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