Newmark Group Inc. (NASDAQ: NMRK) stock fell -1.65% on Tuesday to $5.96 against a previous-day closing price of $6.06. With 0.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.97 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $6.21 whereas the lowest price it dropped to was $5.95. The 52-week range on NMRK shows that it touched its highest point at $11.93 and its lowest point at $5.07 during that stretch. It currently has a 1-year price target of $6.75. With its current market cap of 1.03 billion, NMRK has annualized dividend of $0.12 while the current yield stands at 2.01%. Beta for the stock currently stands at 1.72.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NMRK was up-trending over the past week, with a rise of 7.39%, but this was down by -4.49% over a month. Three-month performance dropped to -26.78% while six-month performance fell -26.60%. The stock lost -44.45% in the past year, while it has lost -25.22% so far this year. A look at the trailing 12-month EPS for NMRK yields 0.39 with Next year EPS estimates of 1.32. For the next quarter, that number is 0.23. This implies an EPS growth rate of -88.20% for this year and 26.03% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.80%.
Float and Shares Shorts:
At present, 172.56 million NMRK shares are outstanding with a float of 137.88 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.07 million, which was 1.79% higher than short shares on Mar 30, 2023. In addition to Mr. Howard W. Lutnick as the firm’s Chairman & PEO, Mr. Barry M. Gosin serves as its Chief Exec. Officer.
Institutional Ownership:
Through their ownership of 63.69% of NMRK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 98.11% of NMRK, in contrast to 36.42% held by mutual funds. Shares owned by individuals account for 28.04%. As the largest shareholder in NMRK with 13.39% of the stake, The Vanguard Group, Inc. holds 20,410,468 shares worth 20,410,468. A second-largest stockholder of NMRK, BlackRock Fund Advisors, holds 8,261,471 shares, controlling over 5.42% of the firm’s shares. Cardinal Capital Management LLC is the third largest shareholder in NMRK, holding 4,687,035 shares or 3.08% stake. With a 4.35% stake in NMRK, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 6,628,352 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.59% of NMRK stock, is the second-largest Mutual Fund holder. It holds 3,952,472 shares valued at 25.06 million. Vanguard Small Cap Index Fund holds 2.19% of the stake in NMRK, owning 3,339,324 shares worth 21.17 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, NMRK reported revenue of $755.35M and operating income of $104.44M. The EBITDA in the recently reported quarter was $128.07M and diluted EPS was $0.26.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NMRK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NMRK analysts setting a high price target of $8.00 and a low target of $5.50, the average target price over the next 12 months is $6.75. Based on these targets, NMRK could surge 34.23% to reach the target high and fall by -7.72% to reach the target low. Reaching the average price target will result in a growth of 13.26% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NMRK has a current ratio of $0.12, which is $0.12 over the trailing 12-months, while a dividend of $0.18 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NMRK currently yields $2.01. In the past year, NMRK’s dividend yield has been $2.01, but when looking at the stock over the past five years, its yield has been $2.43. Accordingly, NMRK has a current buyback yield of $25.37. This was $25.37 for the TTM.
Summary of Insider Activity:
Insiders traded NMRK stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 189,024 shares were bought while 0 shares were sold. The number of buy transactions has increased to 7 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 1,292,535 while 646,585 shares were sold.
