Newmark Group (NASDAQ:NMRK) Reaches New 1-Year High - Here's What Happened

Key Points

• Newmark Group's stock hit a new 52-week high at $19.70, closing at $19.36 with a trading volume of 716,257 shares.
• Wall Street analysts have predominantly upgraded NMRK ratings, with several firms setting price targets between $15.00 and $19.00, indicating strong market support.
• The company reported a quarterly EPS of $0.31, surpassing estimates, alongside a revenue increase of 19.9% year-over-year, and has projected FY 2025 EPS guidance of $1.470-$1.570.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $19.70 and last traded at $19.36, with a volume of 716257 shares traded. The stock had previously closed at $18.87.

Analyst Ratings Changes

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

Newmark Group Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market cap of $3.40 billion, a PE ratio of 45.79 and a beta of 2.08. The company has a 50 day moving average price of $16.50 and a 200 day moving average price of $13.26.

Newmark Group (NASDAQ:NMRK - Get Free Report) last announced its earnings results 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 last year, the business posted $0.22 EPS. The company'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. Sell-side analysts expect that Newmark Group, Inc. will post 1.45 EPS for the current fiscal year.

Newmark Group Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 14th. Newmark Group's dividend payout ratio (DPR) is presently 28.57%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Newmark Group in the 1st quarter valued at about $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Newmark Group in the 1st quarter worth about $47,000. KBC Group NV purchased a new position in shares of Newmark Group during the first quarter worth $78,000. CWM LLC raised its stake in Newmark Group by 63.8% during the first quarter. CWM LLC now owns 7,693 shares of the company's stock worth $94,000 after purchasing an additional 2,996 shares during the period. Finally, Xponance Inc. acquired a new position in Newmark Group during the 1st quarter worth approximately $122,000. 58.42% of the stock is currently owned by institutional investors.

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.