Newmark Group (NASDAQ:NMRK) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Newmark Group has received a "hold (c)" rating from Weiss Ratings, reaffirming the cautious sentiment towards the stock amidst varying analyst outlooks.
• Despite a strong quarterly earnings report, with earnings per share of $0.31 exceeding estimates, Zacks Research downgraded the stock rating from "strong-buy" to "hold."
• The company has a market capitalization of $3.44 billion and a 52-week trading range between $9.65 and $19.83, indicating significant price fluctuations over the past year.

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

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Newmark Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Newmark Group from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, October 9th. JMP Securities lifted their target price on shares of Newmark Group from $17.00 to $19.00 and gave the company a "market outperform" rating in a report on Thursday, July 31st. Piper Sandler lifted their target price 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, Citizens Jmp began coverage on shares of Newmark Group in a report on Monday, July 21st. They issued a "strong-buy" rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Newmark Group presently has an average rating of "Moderate Buy" and a consensus price target of $17.83.

Newmark Group Stock Up 0.7%

Shares of Newmark Group stock opened at $19.48 on Friday. Newmark Group has a 52-week low of $9.65 and a 52-week high of $19.83. The company has a 50 day moving average of $18.36 and a 200 day moving average of $14.34. 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 company has a market capitalization of $3.44 billion, a P/E ratio of 46.38 and a beta of 2.09.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued 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 business had revenue of $759.10 million during the quarter, compared to the consensus estimate of $695.24 million. Newmark Group had a net margin of 2.51% and a return on equity of 22.73%. The company's revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. Newmark Group has set its FY 2025 guidance at 1.470-1.570 EPS. As a group, research analysts forecast that Newmark Group will post 1.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Newmark Group

Several institutional investors have recently bought and sold shares of NMRK. Asset Management One Co. Ltd. increased its stake in Newmark Group by 53.5% in the 1st quarter. Asset Management One Co. Ltd. now owns 25,291 shares of the company's stock valued at $308,000 after buying an additional 8,818 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Newmark Group by 54.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,072 shares of the company's stock valued at $752,000 after buying an additional 21,773 shares during the period. KBC Group NV acquired a new position in Newmark Group in the 1st quarter valued at $78,000. Teacher Retirement System of Texas increased its stake in Newmark Group by 16.2% in the 1st quarter. Teacher Retirement System of Texas now owns 20,794 shares of the company's stock valued at $253,000 after buying an additional 2,898 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in Newmark Group by 10.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 11,878 shares of the company's stock valued at $145,000 after buying an additional 1,121 shares during the period. 58.42% of the stock is owned by institutional investors and hedge funds.

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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