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) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,300,000 shares, a growth of 28.9% from the August 15th total of 2,560,000 shares. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is presently 2.4 days. Approximately 2.2% of the shares of the stock are short sold. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 1,400,000 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Piper Sandler boosted their target price on shares of Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Newmark Group from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Wolfe Research upgraded shares of Newmark Group from a "peer perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research note on Friday, May 23rd. Keefe, Bruyette & Woods increased their price target on Newmark Group from $14.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Finally, Citizens Jmp assumed coverage on Newmark Group in a report on Monday, July 21st. They set a "strong-buy" rating and a $17.00 price target for the company. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, Newmark Group presently has an average rating of "Buy" and a consensus price target of $16.83.

Institutional Inflows and Outflows

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

Newmark Group Trading Down 1.8%

NMRK stock traded down $0.35 during trading on Friday, hitting $19.23. The company had a trading volume of 4,045,710 shares, compared to its average volume of 1,321,499. The firm has a 50-day moving average price of $16.50 and a 200-day moving average price of $13.27. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 45.79 and a beta of 2.08. Newmark Group has a 12 month low of $9.65 and a 12 month high of $19.78. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.58.

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

Newmark Group Dividend Announcement

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

Newmark Group Company Profile

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.