Newmark Group (NASDAQ:NMRK) Trading Down 10.4% – Time to Sell?

Newmark Group, Inc. (NASDAQ:NMRK) fell 10.4% on Wednesday . The company traded as low as $15.54 and last traded at $15.4690. 518,971 shares traded hands during trading, a decline of 50% from the average session volume of 1,043,425 shares. The stock had previously closed at $17.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Newmark Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Barclays initiated coverage on Newmark Group in a research report on Tuesday, December 2nd. They set an “overweight” rating and a $21.00 price target on the stock. Keefe, Bruyette & Woods increased their price objective on Newmark Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. Citigroup restated a “market outperform” rating on shares of Newmark Group in a report on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Newmark Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Newmark Group presently has an average rating of “Moderate Buy” and an average target price of $18.43.

Newmark Group Price Performance

The company has a market cap of $2.70 billion, a PE ratio of 26.23 and a beta of 1.91. The firm’s 50-day moving average is $17.31 and its 200-day moving average is $17.50. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Newmark Group during the third quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake 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 buying an additional 915 shares during the last quarter. Farther Finance Advisors LLC grew 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 worth $35,000 after buying an additional 1,450 shares during the last quarter. Global Retirement Partners LLC increased its position 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 in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Newmark Group during the fourth quarter valued at $86,000. 58.42% of the stock is currently owned by institutional investors.

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.