Compass Point assumed coverage on shares of Newmark Group (NASDAQ:NMRK) in a research note published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $14.00 price objective on the stock.
Separately, Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $13.75.
Shares of NMRK opened at $9.76 on Wednesday. The firm has a 50-day moving average of $8.72. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.72 billion, a PE ratio of 6.42, a PEG ratio of 0.70 and a beta of 1.17. Newmark Group has a 1 year low of $7.02 and a 1 year high of $14.68.
In other Newmark Group news, CEO Barry M. Gosin bought 561,084 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of $7.71 per share, with a total value of $4,325,957.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 90.95% of the stock is currently owned by company insiders.
Newmark Group Company Profile
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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