Newmark Group (NASDAQ:NMRK) Given Hold (C) Rating at Weiss Ratings

Key Points

• Newmark Group was given a "hold (c)" rating by Weiss Ratings, reaffirming its status amidst varying ratings from other analysts.
• Price targets from different firms for Newmark Group range from $15.00 to $19.00 with the stock currently averaging a price target of $16.83.
• The company reported a strong quarterly earnings performance, with $0.31 EPS beating the consensus estimate and revenues up 19.9% year-over-year.

Newmark Group (NASDAQ:NMRK - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

NMRK has been the subject of a number of other reports. Keefe, Bruyette & Woods increased 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. Piper Sandler increased their price target on Newmark Group from $16.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Zacks Research lowered Newmark Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 2nd. JMP Securities increased their price target on Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen raised Newmark Group from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.83.

Newmark Group Price Performance

Shares of Newmark Group stock opened at $16.91 on Wednesday. The stock's 50-day simple moving average is $17.87 and its 200-day simple moving average is $13.78. Newmark Group has a 52 week low of $9.65 and a 52 week high of $19.78. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 40.26 and a beta of 2.09. 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 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. Newmark Group had a return on equity of 22.73% and a net margin of 2.51%.The business had revenue of $759.10 million for the quarter, compared to the consensus estimate of $695.24 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business's revenue was up 19.9% on a year-over-year basis. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, analysts expect that Newmark Group will post 1.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Newmark Group

Several hedge funds and other institutional investors have recently modified their holdings of NMRK. Two Sigma Investments LP purchased a new stake in shares of Newmark Group in the fourth quarter worth approximately $287,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Newmark Group by 4.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,806 shares of the company's stock worth $420,000 after buying an additional 1,286 shares during the period. GAMMA Investing LLC grew its stake in Newmark Group by 1,510.9% in the first quarter. GAMMA Investing LLC now owns 16,576 shares of the company's stock worth $202,000 after purchasing an additional 15,547 shares in the last quarter. SG Americas Securities LLC grew its stake in Newmark Group by 822.8% in the first quarter. SG Americas Securities LLC now owns 427,144 shares of the company's stock worth $5,198,000 after purchasing an additional 380,855 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Newmark Group in the first quarter worth approximately $916,000. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

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.

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