Newmark Group (NASDAQ:NMRK) Reaches New 1-Year Low – Should You Sell?

Newmark Group, Inc. (NASDAQ:NMRK) shares hit a new 52-week low during trading on Tuesday. The company traded as low as $11.25 and last traded at $11.2650, with a volume of 18,256 shares trading hands. The stock had previously closed at $11.34.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Citizens Jmp lowered their price objective on Newmark Group from $22.00 to $17.00 and set a “market outperform” rating for the company in a research note on Thursday, October 22nd. Keefe, Bruyette & Woods cut their target price on Newmark Group from $17.50 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Piper Sandler reissued a “neutral” rating and set a $13.00 price target (down from $14.00) on shares of Newmark Group in a research report on Monday, October 19th. Barclays lifted their price target on shares of Newmark Group from $19.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, August 17th. Finally, Zacks Research cut shares of Newmark Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.60.

Newmark Group Price Performance

The company has a 50 day simple moving average of $13.70 and a 200-day simple moving average of $15.01. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 14.01 and a beta of 1.76. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.50.

Newmark Group (NASDAQ:NMRK) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Newmark Group had a return on equity of 27.07% and a net margin of 4.11%. The business had revenue of $888.42 million during the quarter, compared to the consensus estimate of $865.24 million. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Newmark Group has set its FY 2026 guidance at 1.870-1.980 EPS. As a group, research analysts anticipate that Newmark Group, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Newmark Group

A number of institutional investors have recently modified their holdings of NMRK. Millstone Evans Group LLC raised its stake in Newmark Group by 366.3% during the first quarter. Millstone Evans Group LLC now owns 1,646 shares of the company’s stock worth $25,000 after acquiring an additional 1,293 shares during the period. Nykredit A S bought a new position in Newmark Group in the second quarter worth about $41,000. Ancora Advisors LLC acquired a new position in Newmark Group in the second quarter valued at approximately $45,000. Signaturefd LLC boosted its stake in Newmark Group by 87.4% in the third quarter. Signaturefd LLC now owns 5,863 shares of the company’s stock valued at $72,000 after acquiring an additional 2,735 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Newmark Group by 29.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,160 shares of the company’s stock valued at $142,000 after purchasing an additional 1,848 shares during the last quarter. Institutional investors own 58.42% of the company’s stock.

About Newmark Group

Newmark Group, Inc is a global commercial real estate services company that provides advisory, transaction, and management services to occupiers, owners, investors, and developers. Its services cover office, industrial, retail, multifamily, hospitality, and other commercial property sectors.

The company assists clients with leasing, investment sales, acquisition and disposition advisory, debt and structured finance, valuation, consulting, and property and facilities management. Newmark also provides corporate real estate services, workplace strategy, capital markets advice, and technology-enabled data and research solutions.

Newmark serves clients through operations in major real estate markets across North America, Europe, Asia-Pacific, and other international regions.