Newmark Group (NASDAQ:NMRK) Reaches New 1-Year Low - Should You Sell?

Key Points

• Newmark Group fell to a new 52-week low of $11.25, well below its 50-day and 200-day moving averages of $13.70 and $15.01, respectively.
• Analyst sentiment remains mixed but leans positive: the stock has a “Moderate Buy” consensus rating and a $17.60 average price target, though Piper Sandler lowered its target to $13 and another service downgraded the stock to “Hold.”
• Newmark’s latest quarterly results met EPS expectations at $0.39 and exceeded revenue estimates, with revenue rising 17% year over year; institutional investors own 58.42% of the stock.

Newmark Group, Inc. (NASDAQ:NMRK - Get Free Report) reached a new 52-week low during trading on Tuesday. The stock traded as low as $11.25 and last traded at $11.2650, with a volume of 18,256 shares changing hands. The stock had previously closed at $11.34.

Analyst Ratings Changes

NMRK has been the subject of several research reports. Piper Sandler reiterated a "neutral" rating and set a $13.00 price objective (down from $14.00) on shares of Newmark Group in a research note on Monday, October 19th. Citigroup reissued a "market outperform" rating on shares of Newmark Group in a research report on Thursday, October 22nd. Wall Street Zen downgraded shares of Newmark Group from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings upgraded shares of Newmark Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Finally, Barclays lifted their target price on shares of Newmark Group from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $17.60.

Newmark Group Stock Up 0.2%

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 14.01 and a beta of 1.76. The firm has a 50-day moving average of $13.70 and a 200 day moving average of $15.01. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. Newmark Group had a net margin of 4.11% and a return on equity of 27.07%. Newmark Group's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. On average, sell-side analysts anticipate that Newmark Group, Inc. will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. lifted its holdings in Newmark Group by 115,331.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 519,440 shares of the company's stock worth $7,786,000 after buying an additional 518,990 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Newmark Group in the 1st quarter valued at about $5,435,000. Assenagon Asset Management S.A. purchased a new position in Newmark Group in the 2nd quarter valued at about $4,415,000. Dimensional Fund Advisors LP grew its stake in shares of Newmark Group by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,343,384 shares of the company's stock valued at $80,095,000 after acquiring an additional 227,649 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Newmark Group by 18.9% during the first quarter. Bank of New York Mellon Corp now owns 1,173,058 shares of the company's stock valued at $17,584,000 after acquiring an additional 186,236 shares in the last quarter. 58.42% of the stock is currently owned by hedge funds and other institutional investors.

Newmark Group Company Profile

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.

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