Newmark Group, Inc. (NASDAQ:NMRK) Sees Large Growth in Short Interest

Key Points

• Newmark Group, Inc. experienced a significant **28.9% increase** in short interest in August, reaching 3.3 million shares, which represents **2.2%** of its total shares.
• Wall Street analysts have shown positive sentiment, with a consensus rating of **"Buy"** and a price target of **$16.83**, with several upgrades from firms such as JMP Securities and Keefe, Bruyette & Woods.
• The company recently reported quarterly earnings of **$0.31 EPS**, beating expectations, and announced a quarterly dividend of **$0.03 per share**, representing an annual yield of **0.6%**.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,300,000 shares, an increase of 28.9% from the August 15th total of 2,560,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.2% of the shares of the company are sold short. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NMRK. Financial Management Professionals Inc. acquired a new position in Newmark Group during the 1st quarter valued at approximately $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Newmark Group during the 1st quarter valued at $47,000. KBC Group NV bought a new position in shares of Newmark Group during the first quarter valued at about $78,000. CWM LLC raised its position in Newmark Group by 63.8% in the first quarter. CWM LLC now owns 7,693 shares of the company's stock worth $94,000 after acquiring an additional 2,996 shares during the period. Finally, Xponance Inc. purchased a new position in shares of Newmark Group during the 1st quarter worth about $122,000. Hedge funds and other institutional investors own 58.42% of the company's stock.

Newmark Group Stock Down 1.8%

Newmark Group stock traded down $0.35 during midday trading on Friday, hitting $19.23. 4,045,710 shares of the stock were exchanged, compared to its average volume of 1,321,499. The business's 50-day moving average price is $16.50 and its 200-day moving average price is $13.26. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 45.79 and a beta of 2.08. Newmark Group has a 52-week low of $9.65 and a 52-week high of $19.78.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.05. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company had revenue of $759.10 million during the quarter, compared to analyst estimates of $695.24 million. During the same period last year, the business earned $0.22 EPS. Newmark Group's quarterly revenue was up 19.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. On average, research analysts expect that Newmark Group will post 1.45 EPS for the current fiscal year.

Newmark Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, August 14th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, August 14th. Newmark Group's dividend payout ratio is presently 28.57%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JMP Securities lifted their price objective on shares of Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a research report on Thursday, July 31st. Citizens Jmp assumed coverage on shares of Newmark Group in a report on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 price target on the stock. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods boosted their price target on Newmark Group from $14.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th. Finally, Piper Sandler increased their target price on Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $16.83.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States, the United Kingdom, and internationally. The company offers capital markets consisting of investment sales and commercial mortgage brokerage; landlord or agency representation leasing; valuation and advisory; property management; commercial real estate technology platform and capabilities; the United Kingdom business rates services; due diligence, consulting, and other advisory services; GSEs and the Federal Housing Administration lending services comprising multifamily lending and loan servicing; asset management; and flexible workspace solutions for owners.