Newmark Group (NASDAQ:NMRK) Research Coverage Started at Compass Point

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.

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

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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