NASDAQ:NMRKNewmark Group Stock Price, Forecast & News

Newmark Group's stock was trading at $7.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, NMRK shares have decreased by 37.1% and is now trading at $4.41. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmark Group in the last year. There are currently 1 sell rating and 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Newmark Group.

Newmark Group is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Newmark Group.

Newmark Group Inc (NASDAQ:NMRK) posted its quarterly earnings data on Thursday, May, 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.14. The business earned $483.93 million during the quarter, compared to analysts' expectations of $484.27 million. Newmark Group had a return on equity of 41.44% and a net margin of 4.67%. View Newmark Group's earnings history.

Newmark Group declared a quarterly dividend on Friday, May 8th. Investors of record on Thursday, May 28th will be given a dividend of $0.01 per share on Monday, June 15th. This represents a $0.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, May 27th. View Newmark Group's dividend history.

4 Wall Street analysts have issued 12 month price objectives for Newmark Group's stock. Their forecasts range from $4.00 to $12.35. On average, they anticipate Newmark Group's share price to reach $6.46 in the next twelve months. This suggests a possible upside of 46.5% from the stock's current price. View analysts' price targets for Newmark Group.

Media coverage about NMRK stock has been trending neutral on Saturday, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Newmark Group earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Newmark Group.

Newmark Group saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,900,000 shares, an increase of 41.8% from the June 15th total of 1,340,000 shares. Based on an average daily trading volume, of 1,900,000 shares, the short-interest ratio is presently 1.0 days. Currently, 1.3% of the company's stock are short sold. View Newmark Group's Current Options Chain.

Some companies that are related to Newmark Group include eXp World (EXPI), Marcus & Millichap (MMI), Realogy (RLGY), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Newmark Group investors own include BGC Partners (BGCP), AT&T (T), Intel (INTC), Verizon Communications (VZ), Alibaba Group (BABA), Cisco Systems (CSCO), Altria Group (MO), Pfizer (PFE), AGNC Investment (AGNC) and AbbVie (ABBV).

(NMRK) raised $615 million in an 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 trades on the NASDAQ under the ticker symbol "NMRK."

Newmark Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Diversified Trust Co (0.03%), Envestnet Asset Management Inc. (0.03%) and Canandaigua National Corp (0.01%). Company insiders that own Newmark Group stock include Barry M Gosin and Virginia S Bauer. View institutional ownership trends for Newmark Group.

NMRK stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Newmark Group.

NMRK stock was acquired by a variety of institutional investors in the last quarter, including Diversified Trust Co, and Canandaigua National Corp. Company insiders that have bought Newmark Group stock in the last two years include Barry M Gosin, and Virginia S Bauer. View insider buying and selling activity for Newmark Group.

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, Robinhood, Fidelity, and Charles Schwab.

One share of NMRK stock can currently be purchased for approximately $4.41.

Newmark Group has a market capitalization of $785.99 million and generates $2.22 billion in revenue each year. The company earns $117.31 million in net income (profit) each year or $1.62 on an earnings per share basis. Newmark Group employs 5,600 workers across the globe.

The official website for Newmark Group is www.ngkf.com.

Newmark Group's mailing address is 125 PARK AVENUE, NEW YORK NY, 10017. The company can be reached via phone at 212-372-2000.