NewtekOne (NASDAQ:NEWT) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Technical uptick: NewtekOne shares moved above their 200-day moving average ($11.89), trading as high as $12.43 and last at $12.13 on volume of 193,523, a short-term bullish signal.
• Analyst view mixed but cautious: The consensus rating is "Hold" with a $15 target, while Piper Sandler and KBW raised targets to $14 and Wall Street Zen cut to "sell," reflecting diverging near-term opinions.
• Fundamentals and insider activity: Q4 EPS of $0.65 matched estimates but revenue missed sharply ($55.85M vs. $80.01M), the company has high leverage (debt/equity 5.69) and a low current ratio (0.67), yet insiders have been buying and own 6.7% of the stock.

NewtekOne, Inc. (NASDAQ:NEWT - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.89 and traded as high as $12.43. NewtekOne shares last traded at $12.13, with a volume of 193,523 shares trading hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of NewtekOne in a report on Thursday, January 22nd. Piper Sandler boosted their price objective on NewtekOne from $13.00 to $14.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Wall Street Zen lowered NewtekOne from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. Finally, Keefe, Bruyette & Woods increased their target price on NewtekOne from $13.00 to $14.00 and gave the stock a "market perform" rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NewtekOne presently has a consensus rating of "Hold" and a consensus target price of $15.00.

NewtekOne Trading Up 0.2%

The stock's 50 day simple moving average is $13.07 and its two-hundred day simple moving average is $11.89. The stock has a market capitalization of $350.44 million, a PE ratio of 5.54 and a beta of 1.25. The company has a debt-to-equity ratio of 5.69, a current ratio of 0.67 and a quick ratio of 0.67.

NewtekOne (NASDAQ:NEWT - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. NewtekOne had a net margin of 15.51% and a return on equity of 19.52%. The company had revenue of $55.85 million during the quarter, compared to analyst estimates of $80.01 million. On average, sell-side analysts expect that NewtekOne, Inc. will post 1.93 EPS for the current year.

Insiders Place Their Bets

In other NewtekOne news, CEO Barry Sloane purchased 3,595 shares of the company's stock in a transaction that occurred on Wednesday, January 14th. The shares were bought at an average cost of $13.91 per share, for a total transaction of $50,006.45. Following the purchase, the chief executive officer owned 1,194,180 shares of the company's stock, valued at $16,611,043.80. This represents a 0.30% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Adam Schwartz bought 2,247 shares of the stock in a transaction on Wednesday, January 14th. The shares were acquired at an average cost of $13.91 per share, for a total transaction of $31,255.77. Following the acquisition, the insider directly owned 49,713 shares in the company, valued at approximately $691,507.83. This trade represents a 4.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 9,156 shares of company stock worth $126,435 in the last ninety days. Insiders own 6.70% of the company's stock.

Institutional Investors Weigh In On NewtekOne

A number of institutional investors and hedge funds have recently made changes to their positions in NEWT. Advisory Services Network LLC bought a new stake in shares of NewtekOne during the 3rd quarter valued at about $46,000. Quantbot Technologies LP purchased a new stake in NewtekOne in the second quarter valued at approximately $107,000. Wealth Enhancement Advisory Services LLC bought a new stake in NewtekOne during the third quarter valued at approximately $150,000. Cerity Partners LLC lifted its position in NewtekOne by 18.0% during the fourth quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider's stock valued at $156,000 after purchasing an additional 2,095 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in NewtekOne in the 3rd quarter worth approximately $191,000. Hedge funds and other institutional investors own 38.35% of the company's stock.

About NewtekOne

NewtekOne, Inc NASDAQ: NEWT is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company's core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.

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