Newmark Group Inc (NASDAQ:NMRK) has a beta value of 1.99 and has seen 0.41 million shares traded in the recent trading session. The company, currently valued at $1.99B, closed the recent trade at $11.05 per share which meant it gained $0.67 on the day or 6.42% during that session. The NMRK stock price is -45.7% off its 52-week high price of $16.10 and 14.48% above the 52-week low of $9.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.11 million shares traded. The 3-month trading volume is 1.05 million shares.
The consensus among analysts is that Newmark Group Inc (NMRK) is Buy stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
Newmark Group Inc (NASDAQ:NMRK) trade information
Sporting 6.42% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NMRK stock price touched $11.05 or saw a rise of 0.72%. Year-to-date, Newmark Group Inc shares have moved -13.77%, while the 5-day performance has seen it change 5.00%. Over the past 30 days, the shares of Newmark Group Inc (NASDAQ:NMRK) have changed -14.11%. Short interest in the company has seen 4.74 million shares shorted with days to cover at 4.41.
Wall Street analysts have a consensus price target for the stock at $15.5, which means that the shares’ value could jump 28.71% from the levels at last check today.. The projected low price target is $8.0 while the price target rests at a high of $17.0. In that case, then, we find that the latest price level in today’s session is -53.85% off the targeted high while a plunge would see the stock lose 27.6% from the levels at last check today..
Newmark Group Inc (NMRK) estimates and forecasts
The company’s shares have lost -25.62% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -10.03% over the past 5 years. Earnings growth for 2025 is a modest 15.77% while over the next 5 years, the company’s earnings are expected to increase by 13.81%.
NMRK Dividends
Newmark Group Inc is expected to release its next earnings report on 2025-Feb-13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.12 at a share yield of 1.09%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.65%.
Newmark Group Inc (NASDAQ:NMRK)’s Major holders
Insiders own 15.82% of the company shares, while shares held by institutions stand at 68.85% with a share float percentage of 81.79%. Investors are also buoyed by the number of investors in a company, with Newmark Group Inc having a total of 368.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 20.27 million shares worth more than $207.36 million. As of 2024-06-30, VANGUARD GROUP INC held 11.6848% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 10.46 million shares as of 2024-06-30. The firm’s total holdings are worth over $107.04 million and represent 6.0317% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD SPECIALIZED FUNDS-Vanguard Real Estate Index Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . As of Jan 31, 2025 , the former fund manager holds about 3.42% shares in the company for having 5.45 shares of worth $59.72 million while later fund manager owns 3.98 shares of worth $43.63 million as of Dec 31, 2024 , which makes it owner of about 2.50% of company’s outstanding stock.
