Newmark Group (NASDAQ:NMRK) Upgraded by Zacks Investment Research to Buy

Newmark Group stock has undergone multiple analysts rating changes in the recent past.  Newmark Group Upgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Hold.

Shares of Newmark Group traded up $0.14 on Wednesday, reaching $14.55. 0 shares of the stock traded hands, compared to its average volume of 1017468. Shares of Newmark Group were trading at $14.55 on Wednesday. The firm’s 50 day moving average is $13.64 and its 200 day moving average is $11.40.Newmark Group has a 12 month low of $14.38 and a 12 month high of $15.06. While on yearly highs and lows, Newmark Group’s today has traded high as $14.80 and has touched $14.38 on the downward trend. See More Analyst Rating at: RATING

Newmark Group Earnings and What to expect: 

Newmark Group last announced its quarterly earnings data on August 6th, 2021. The reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $629.87 million for the quarter, compared to analyst estimates of $551.93 million. Newmark Group has generated $0.93 earnings per share over the last year ($2.65 diluted earnings per share) and currently has a price-to-earnings ratio of 5.5. Earnings for Newmark Group are expected to grow by 22.40% in the coming year, from $1.25 to $1.53 per share. Newmark Group has confirmed that its next quarterly earnings report will be published on Friday, November 5th, 2021. Newmark Group will be holding an earnings conference call on Friday, November 5th at 10:00 AM Eastern. Interested parties can or dial in at 866-813-9403 with passcode “993807”.

Earnings for Newmark Group are expected to grow by 22.40% in the coming year, from $1.25 to $1.53 per share. The P/E ratio of Newmark Group is 5.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.84. The P/E ratio of Newmark Group is 5.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.62. Newmark Group has a PEG Ratio of 1.08. PEG Ratios above 1 indicate that a company could be overvalued. Newmark Group has a P/B Ratio of 2.88. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Newmark Group (NASDAQ:NMRK) Moving Average Technical Analysis

5 day Moving Average is $14.46 And 5 day price change is -$0.23 (-1.56%)  with average volume for 5 day average is 892,080. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $14.20 and 20 day price change is $1.12 (8.34%) and average 20 day moving volume is 984,230. 50 day moving average is $13.64  and 50 day price change is $1.94 ( 15.38%)  and with average volume for 50 days is : 931,962. 200 day moving average is $11.40  and 200 day price change is $7.07 (94.52%)  and with average volume for 200 days is : 850,961.

Other owners latest trading in Newmark Group :

  • On 10/13/2021 shares held by Edge Wealth Management LLC were 163,988 which equates to market value of $2.35M and appx 0.50% owners of Newmark Group
  • On 10/12/2021 shares held by Denali Advisors LLC were 207,563 which equates to market value of $2.97M and appx 1.20% owners of Newmark Group
  • On 10/12/2021 shares held by Lenox Wealth Advisors LLC were 8,889 which equates to market value of $0.13M and appx 0.00% owners of Newmark Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 55.07% for Newmark Group

See More Analyst Rating at: RATING