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 quarterly earnings results on Friday, February, 9th. The company reported $0.30 EPS for the quarter, hitting analysts' consensus estimates of $0.30. The business had revenue of $460.60 million for the quarter, compared to the consensus estimate of $428.10 million. During the same quarter in the previous year, the business posted $0.31 EPS. View Newmark Group's Earnings History.

6 equities research analysts have issued twelve-month price objectives for Newmark Group's stock. Their forecasts 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 during the month of 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 trading volume of 1,228,074 shares, the days-to-cover ratio is currently 1.6 days. Approximately 8.4% of the company's stock 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 IPO 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) acted 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 public offering 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 company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Headlines about NMRK stock have been trending somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Newmark Group earned a news sentiment score of 0.16 on Accern's scale. They also assigned news stories about the company an impact score of 46.54 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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 $15.53.

Newmark Group has a market capitalization of $2.43 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.