Newmark Group (NASDAQ:NMRK) Price Target Raised to $22.00 at Keefe, Bruyette & Woods

Newmark Group (NASDAQ:NMRK) had its price objective upped by analysts at Keefe, Bruyette & Woods from $21.00 to $22.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 25.14% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Newmark Group in a research note on Wednesday, October 8th. Barclays initiated coverage on Newmark Group in a report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 target price on the stock. Zacks Research cut Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Citigroup reiterated a “market outperform” rating on shares of Newmark Group in a research note on Thursday, December 18th. Finally, Wall Street Zen raised shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.43.

Newmark Group Stock Performance

NMRK remained flat at $17.58 during trading on Thursday. 75,004 shares of the company’s stock traded hands, compared to its average volume of 704,433. Newmark Group has a 12 month low of $9.65 and a 12 month high of $19.83. The stock’s 50-day moving average is $17.20 and its 200 day moving average is $16.68. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 30.87 and a beta of 1.93. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.46.

Newmark Group (NASDAQ:NMRK) last issued its earnings results on Thursday, October 30th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Newmark Group had a net margin of 3.26% and a return on equity of 23.69%. The business had revenue of $863.46 million for the quarter, compared to the consensus estimate of $767.12 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Newmark Group has set its FY 2025 guidance at 1.530-1.630 EPS. Analysts forecast that Newmark Group will post 1.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Newmark Group in the third quarter worth $29,000. Larson Financial Group LLC lifted its holdings in Newmark Group by 98.9% in the third quarter. Larson Financial Group LLC now owns 1,840 shares of the company’s stock worth $34,000 after purchasing an additional 915 shares during the period. Farther Finance Advisors LLC grew its position in 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 buying an additional 1,450 shares in the last quarter. Global Retirement Partners LLC increased its stake in Newmark Group by 135.9% during the 3rd quarter. Global Retirement Partners LLC now owns 2,326 shares of the company’s stock valued at $43,000 after buying an additional 1,340 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Newmark Group by 2,161.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,404 shares of the company’s stock worth $101,000 after buying an additional 5,165 shares in the last quarter. 58.42% of the stock is currently owned by institutional investors.

About Newmark Group

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.