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 results on Friday, February, 9th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.30. The business had revenue of $460.60 million for the quarter, compared to analyst estimates of $428.10 million. During the same quarter last year, the company earned $0.31 EPS. 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 share 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 short-interest ratio is currently 1.6 days. Approximately 8.4% of the company's stock are sold short.

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

(NMRK) raised $615 million in an initial public offering on Friday, December 15th 2017. The company issued 30,000,000 shares at $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. After the end of Newmark Group's lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Headlines about NMRK stock have been trending somewhat positive on Friday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Newmark Group earned a news impact score of 0.11 on Accern's scale. They also gave media stories about the company an impact score of 45.50 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate 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 $15.67.

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.