Compass Point assumed coverage on shares of Newmark Group (NASDAQ:NMRK) in a report released on Wednesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $14.00 target price on the stock.
Separately, Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $13.75.
NASDAQ:NMRK opened at $9.76 on Wednesday. The business has a fifty day simple moving average of $8.72. The stock has a market capitalization of $1.74 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.43 and a quick ratio of 0.43. Newmark Group has a 1 year low of $7.02 and a 1 year high of $14.68.
In other news, CEO Barry M. Gosin purchased 561,084 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average price of $7.71 per share, for a total transaction of $4,325,957.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 90.95% 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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