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

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

Newmark Group (NASDAQ:NMRK) announced its quarterly earnings data on Friday, February, 9th. The company reported $0.30 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.30. The firm earned $460.60 million during the quarter, compared to analyst estimates of $428.10 million. During the same quarter in the previous year, the business posted $0.31 earnings per share. View Newmark Group's Earnings History.

6 Wall Street analysts have issued 12-month price objectives for Newmark Group's shares. Their predictions range from $17.00 to $24.00. On average, they expect Newmark Group's stock price to reach $20.0833 in the next year. View Analyst Ratings for Newmark Group.

Newmark Group saw a increase in short interest in March. As of March 29th, there was short interest totalling 1,933,144 shares, an increase of 1,399.9% from the March 15th total of 128,882 shares. Based on an average daily trading volume, of 1,228,074 shares, the days-to-cover ratio is presently 1.6 days. Approximately 8.4% of the company's stock are sold short.

Some companies that are related to Newmark Group include Assurant (AIZ), Texas Capital Bancshares (TCBI), STORE Capital (STOR), AXIS Capital (AXS), Medical Properties Trust (MPW), Bank of Queensland (BOQ), Derwent London (DWVYF), Popular (BPOP), UBI Banca (UBI), Highwoods Properties (HIW), Hiscox (HSX), Brixmor Property Group (BRX), Primerica (PRI), Metro Bank (MBNKF), FNB (FNB), Ashmore Group (AJMPF), Texas Pacific Land Trust (TPL) and BGC Partners (BGCP).

(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 initial public offering on December 15th. The total size of the offering was $280,000,000 based on an initial share price of $14.00. After the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

News headlines about NMRK stock have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newmark Group earned a daily sentiment score of 0.02 on Accern's scale. They also gave news stories about the company an impact score of 46.28 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

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 $15.67.

Newmark Group has a market capitalization of $2.44 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.