Newmark Group (NASDAQ:NMRK) Stock Rating Upgraded by TheStreet

Newmark Group (NASDAQ:NMRK) was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Newmark Group from a “buy” rating to a “hold” rating in a report on Saturday, January 4th. Wedbush lowered Newmark Group from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $13.00 to $12.35 in a report on Friday. BidaskClub raised Newmark Group from a “hold” rating to a “buy” rating in a report on Friday, February 7th. ValuEngine lowered Newmark Group from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Piper Sandler lowered Newmark Group from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $15.00 to $12.50 in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Newmark Group currently has a consensus rating of “Hold” and an average target price of $12.97.

NMRK stock opened at $11.46 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $2.12 billion, a PE ratio of 19.42, a PEG ratio of 0.78 and a beta of 1.47. Newmark Group has a twelve month low of $7.02 and a twelve month high of $13.85. The stock has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $10.99.

Newmark Group (NASDAQ:NMRK) last posted its earnings results on Thursday, February 13th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The company had revenue of $632.40 million for the quarter, compared to analysts’ expectations of $665.84 million. Newmark Group had a net margin of 5.14% and a return on equity of 42.94%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. On average, equities research analysts anticipate that Newmark Group will post 1.75 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of NMRK. Cubist Systematic Strategies LLC lifted its position in Newmark Group by 66.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 95,584 shares of the company’s stock worth $1,286,000 after buying an additional 38,330 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Newmark Group in the 4th quarter worth approximately $504,000. First Republic Investment Management Inc. lifted its position in Newmark Group by 25.1% in the 4th quarter. First Republic Investment Management Inc. now owns 46,832 shares of the company’s stock worth $630,000 after buying an additional 9,391 shares during the last quarter. Ancora Advisors LLC bought a new stake in Newmark Group in the 4th quarter worth approximately $48,000. Finally, Bank of America Corp DE lifted its position in Newmark Group by 26.3% in the 4th quarter. Bank of America Corp DE now owns 1,005,766 shares of the company’s stock worth $13,533,000 after buying an additional 209,252 shares during the last quarter. Hedge funds and other institutional investors own 55.75% of the company’s stock.

About Newmark Group

Newmark Group, Inc provides commercial real estate services in the United States and internationally. Its investor/owner services and products include capital markets, such as investment sales; and agency leasing, property management, valuation and advisory, and diligence and underwriting, as well as government sponsored enterprise lending, loan servicing, debt and structured finance, and loan sales under the Newmark Knight Frank name.

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