Newmark Group (NASDAQ:NMRK) Receives New Coverage from Analysts at Compass Point

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.

Newmark Group (NASDAQ:NMRK) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.02). The business had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $476.72 million. Newmark Group had a return on equity of 41.41% and a net margin of 4.86%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. Sell-side analysts anticipate that Newmark Group will post 1.63 EPS for the current fiscal year.

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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