NASDAQ:NMRK - Newmark Group Stock Price, Price Target & More

Newmark Group trades on the NASDAQ under the ticker symbol "NMRK."

Newmark Group (NASDAQ:NMRK) posted its earnings results on Friday, February, 9th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $460.60 million for the quarter, compared to analysts' expectations of $428.10 million. During the same quarter in the previous year, the firm earned $0.31 EPS. View Newmark Group's Earnings History.

6 analysts have issued 1-year price objectives for Newmark Group's stock. Their predictions range from $17.00 to $24.00. On average, they anticipate Newmark Group's share price to reach $20.0833 in the next year. View Analyst Ratings for Newmark Group.

Newmark Group saw a drop in short interest in April. As of April 13th, there was short interest totalling 1,273,576 shares, a drop of 34.1% from the March 30th total of 1,933,144 shares. Based on an average trading volume of 207,443 shares, the short-interest ratio is presently 6.1 days. Approximately 5.5% of the shares of the company are short sold.

Some companies that are related to Newmark Group include JLL (JLL), Interval Leisure Group (ILG), Marriott Vacations Worldwide (VAC), Realogy (RLGY), Redfin (RDFN), Bluegreen Vacations Unlimited (BXG), Marcus & Millichap (MMI), RE/MAX (RMAX) and Novation Companies (NOVC).

(NMRK) raised $615 million in an initial public offering (IPO) on Friday, December 15th 2017. The company issued 30,000,000 shares at a price of $19.00-$22.00 per share. Goldman Sachs, BofA Merrill Lynch, Citigroup, Cantor Fitzgerald, PNC Capital Markets, Mizuho Securities, Capital One Securities and Keefe, Bruyette & Woods (A Stifel Company) served as the underwriters for the IPO and Sandler O’Neill + Partners, Raymond James, Regions Securities, CastleOak Securities and Wedbush Securities were co-managers.

Newmark Group's lock-up period expires on Wednesday, June 13th. Newmark Group had issued 20,000,000 shares in its IPO on December 15th. The total size of the offering was $280,000,000 based on an initial share price of $14.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Media coverage about NMRK stock has been trending positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Newmark Group earned a daily sentiment score of 0.46 on Accern's scale. They also assigned news headlines about the company an impact score of 45.01 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Shares of NMRK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of NMRK stock can currently be purchased for approximately $15.10.

Newmark Group has a market capitalization of $2.40 billion and generates $1.60 billion in revenue each year. The company earns $144.49 million in net income (profit) each year or $1.15 on an earnings per share basis. Newmark Group employs 4,800 workers across the globe.

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The company can be reached via phone at 212-610-2200.