Newmark Group, Inc. (NASDAQ:NMRK) Given Average Rating of “Moderate Buy” by Analysts

Newmark Group, Inc. (NASDAQ:NMRK) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $18.4286.

A number of research firms recently commented on NMRK. Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods increased their price target on shares of Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Citigroup reissued a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. Barclays began coverage on Newmark Group in a research note on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 target price on the stock. Finally, Wall Street Zen raised Newmark Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 15th.

Newmark Group Price Performance

Shares of NASDAQ:NMRK opened at $16.18 on Friday. The company’s fifty day moving average price is $17.32 and its 200-day moving average price is $17.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 28.39 and a beta of 1.91. Newmark Group has a one year low of $9.65 and a one year high of $19.83.

Institutional Investors Weigh In On Newmark Group

A number of large investors have recently modified their holdings of NMRK. Advisory Services Network LLC purchased a new stake in Newmark Group in the third quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of Newmark Group by 98.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after acquiring an additional 915 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Newmark Group by 338.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,879 shares of the company’s stock valued at $35,000 after purchasing an additional 1,450 shares during the period. Global Retirement Partners LLC boosted its position in shares of Newmark Group by 135.9% during the third quarter. Global Retirement Partners LLC now owns 2,326 shares of the company’s stock valued at $43,000 after purchasing an additional 1,340 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in Newmark Group in the fourth quarter worth $86,000. Institutional investors own 58.42% of the company’s stock.

Newmark Group Company Profile

Newmark Group, Inc is a publicly traded commercial real estate advisory firm headquartered in New York City. The company provides a comprehensive suite of services to real estate investors, occupiers and developers, including leasing advisory, property management, capital markets placement, loan servicing, valuation and advisory services. Newmark’s platform integrates local market expertise with national reach to support clients across diverse property types such as office, industrial, retail, multifamily and specialty assets.

Operating across two principal segments—global corporate services and capital markets & property-level services—Newmark delivers tailored solutions encompassing tenant representation, landlord leasing, investment sales, debt and equity financing, and appraisal services.