TheStreet downgrades Newmark Group (NASDAQ:NMRK) to C+

Newmark Group (NASDAQ:NMRK – Get Rating) was downgraded by TheStreet research analysts from a “b-” to a “c+” rating in a research report released on Tuesday, reports TheStreetRatingsTable.

Separately, Piper Sandler cut its price target on Newmark Group shares from $12.00 to $10.00 and set a “neutral” rating on the stock in a Friday, October 7 report. Three analysts gave the stock a hold rating and one gave the company a buy rating. According to, Newmark Group has an average rating of “Hold” and an average target price of $15.75.

Performance of Newmark Group Shares

Newmark Group shares opened at $8.43 on Tuesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 5.17 and a beta of 1.80. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt ratio of 0.37. The company has a 50-day moving average price of $9.89 and a 200-day moving average price of $10.94. Newmark Group has a 52 week low of $7.80 and a 52 week high of $19.10.

Newmark Group (NASDAQ:NMRK – Get Rating) last reported quarterly earnings data on Friday, July 29. The company reported EPS of $0.46 for the quarter, beating the consensus estimate of $0.40 by $0.06. Newmark Group had a net margin of 10.19% and a return on equity of 30.07%. The company posted revenue of $755.40 million in the quarter, versus analyst estimates of $670.04 million. During the same period last year, the company posted EPS of $0.31. Newmark Group revenue increased 19.9% ​​year-over-year. Sell-side analysts expect Newmark Group to post year-to-date EPS of 1.8.

Hedge funds weigh on Newmark Group

Several institutional investors have recently bought and sold shares of NMRK. Barclays PLC increased its position in Newmark Group shares by 133.5% during the fourth quarter. Barclays PLC now owns 186,999 shares in the company worth $3,497,000 after buying a further 106,916 shares last quarter. First Hawaiian Bank bought a new stake in Newmark Group in the first quarter, valued at around $588,000. Diversified Trust Co increased its stake in Newmark Group by 17.6% in the first quarter. Diversified Trust Co now owns 42,494 shares of the company valued at $677,000 after buying 6,357 additional shares in the last quarter. AE Wealth Management LLC purchased a new stake in Newmark Group stock during the first quarter worth approximately $653,000. Finally, HMS Capital Management LLC purchased a new stake in Newmark Group stock during the first quarter worth approximately $902,000. 58.30% of the shares are held by institutional investors and hedge funds.

Newmark Group Company Profile

(Get an assessment)

Newmark Group, Inc provides commercial real estate services in the United States and internationally. The Company’s services and products for investors/owners include capital markets, such as investment, debt and structured finance, and loan sales; agency leasing, property management, appraisal and consulting; and commercial real estate due diligence consulting and advisory services, as well as government-sponsored business lending, loan servicing, mortgage brokerage and fundraising services.

Featured Articles

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Newmark Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Newmark Group wasn’t on the list.

While Newmark Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.