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Newmark (NMRK)

Company Profile
Newmark Group, Inc., together with its subsidiaries ('Newmark'), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Its integrated platform seamlessly powers every phase of owning or occupying a property. its services is tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. n 2019, Newmark generated revenues in excess of $2.2 billion.
Newmark logo

Company profile

Ticker
NMRK
Exchange
NASDAQ
Website
www.ngkf.com
CEO
Barry M. Gosin
Employees
Incorporated
Delaware
Location
New York
Fiscal year end
Dec 31
Sector
Real Estate and Rental and Leasing > Offices of Real Estate Agents and Brokers
Industry (SIC)
Real Estate Agents & Managers (For Others)
KE • Anywhere Real Estate • Realogy • Jones Lang Lasalle • Marriott Vacations Worldwide • Opendoor • Bluegreen Vacations • Douglas Elliman • RE/MAX • Appreciate ...
Former names
NRE DELAWARE, INC.
SEC CIK
0001690680
Corporate docs
Articles of Incorporation & Bylaws
Underwriting Agreements
Plans of Reorganization
Indentures
Material Contracts & Credit Agreements
Subsidiaries Lists
Subsidiaries
1 FLAXSEED LDN LTD • 1 SAWMILL LDN LTD • 10 FLORA LDN LTD • 100 WASP LDN LIMITED • 110 HERO HELIPAD LDN LIMITED • 130 JIGSAW LDN LTD • 15 HALFPENNY LDN LTD • 16 OAK BALLOT LDN LTD • 18 FLASHLIGHT LDN LTD • 189 SCHOOLHOUSE LDN LTD ...

NMRK stock data

Analyst ratings and price targets

Last 3 months
Goldman Sachs
Downgraded
Sell
$8.00
12 Dec 22
Latest filings (excl ownership)
View all
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
Newmark Group, Inc. Reports Third Quarter 2022 Financial Results 1
28 Oct 22
8-K
Departure of Directors or Certain Officers
3 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
30 Sep 22
DEFA14A
Additional proxy soliciting materials
15 Aug 22
DEF 14A
Definitive proxy
15 Aug 22
10-Q
2022 Q2
Quarterly report
8 Aug 22
8-K
Departure of Directors or Certain Officers
1 Aug 22
8-K
Newmark Group, Inc. Reports Second Quarter 2022 Financial Results 1
29 Jul 22
10-Q
2022 Q1
Quarterly report
9 May 22
Transcripts
View all
NMRK
Earnings call transcript
2022 Q3
28 Oct 22
NMRK
Earnings call transcript
2022 Q2
29 Jul 22
NMRK
Earnings call transcript
2022 Q1
29 Apr 22
NMRK
Earnings call transcript
2021 Q4
11 Feb 22
NMRK
Earnings call transcript
2021 Q3
5 Nov 21
NMRK
Earnings call transcript
2021 Q2
6 Aug 21
NMRK
Earnings call transcript
2021 Q1
8 May 21
NMRK
Earnings call transcript
2020 Q4
18 Feb 21
NMRK
Earnings call transcript
2020 Q3
8 Nov 20
NMRK
Earnings call transcript
2020 Q2
9 Aug 20
Latest ownership filings
View all
4
HOWARD W LUTNICK
30 Nov 22
13F-HR
Quarterly holdings report by institutional manager
14 Nov 22
4
FITZGERALD, L. P. CANTOR
27 Oct 22
4
HOWARD W LUTNICK
27 Oct 22
4
Change in insider ownership
27 Oct 22
4
Michael J. Rispoli
3 Oct 22
4
Jay Itzkowitz
30 Sep 22
4
Virginia S Bauer
30 Sep 22
4
Kenneth A McIntyre Jr
30 Sep 22
4
HOWARD W LUTNICK
16 Sep 22

Financial summary

Financial statements Chart NMRK financial data
Quarter (USD) Sep 22 Jun 22 Mar 22 Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 307.54 mm 307.54 mm 307.54 mm 307.54 mm 307.54 mm 307.54 mm
Cash burn (monthly) 15.87 mm (no burn) (no burn) (no burn) 24.77 mm (no burn)
Cash used (since last report) 63.84 mm n/a n/a n/a 99.60 mm n/a
Cash remaining 243.69 mm n/a n/a n/a 207.94 mm n/a
Runway (months of cash) 15.4 n/a n/a n/a 8.4 n/a

Beta Read what these cash burn values mean

Financial data from Newmark earnings reports.

Institutional ownership, Q3 2022

NMRK institutional ownership history Ownership history
61.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 202 207 -2.4%
Opened positions 28 28 –
Closed positions 33 50 -34.0%
Increased positions 51 61 -16.4%
Reduced positions 80 80 –
13F shares Current Prev Q Change
Total value 866.87 mm 994.51 mm -12.8%
Total shares 91.98 mm 102.81 mm -10.5%
Total puts 34.90 k 190.20 k -81.7%
Total calls 543.40 k 332.40 k +63.5%
Total put/call ratio 0.1 0.6 -88.8%
Largest owners Shares Value Change
Vanguard 21.91 mm $176.57 mm -8.1%
BLK Blackrock 9.82 mm $79.16 mm -8.2%
FMR 5.59 mm $45.08 mm +19.1%
Cardinal Capital Management 4.85 mm $39.06 mm -0.6%
Fuller & Thaler Asset Management 4.72 mm $38.03 mm +44.0%
Empyrean Capital Partners 4.36 mm $35.14 mm 0.0%
River Road Asset Management 3.59 mm $28.90 mm +2.6%
Dimensional Fund Advisors 3.21 mm $25.87 mm -7.3%
Geode Capital Management 2.87 mm $23.15 mm -20.8%
MS Morgan Stanley 1.95 mm $15.74 mm +2.6%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -3.30 mm EXIT
Vanguard 21.91 mm -1.92 mm -8.1%
Balyasny Asset Management 0.00 -1.62 mm EXIT
Fuller & Thaler Asset Management 4.72 mm +1.44 mm +44.0%
FMR 5.59 mm +897.75 k +19.1%
BLK Blackrock 9.82 mm -882.63 k -8.2%
Geode Capital Management 2.87 mm -755.74 k -20.8%
Nuveen Asset Management 767.03 k -606.07 k -44.1%
Grantham, Mayo, Van Otterloo & Co. 206.81 k -477.59 k -69.8%
Voloridge Investment Management 442.14 k +442.14 k NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NMRK insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Nov 22 Howard W Lutnick Class A Common Stock, par value $0.01 per share Gift Dispose G Yes No 0 5,918 0.00 7,702,994
25 Nov 22 Howard W Lutnick Class A Common Stock, par value $0.01 per share Gift Dispose G Yes No 0 473,373 0.00 7,708,912
25 Oct 22 Howard W Lutnick Newmark Holdings Exchangeable Limited Partnership Interests Class A or Class B Common Stock, par value $0.01 per share Grant Acquire A Yes No 0 207,156 0.00 26,498,602
25 Oct 22 CF Group Management Newmark Holdings Exchangeable Limited Partnership Interests Class A or Class B Common Stock, par value $0.01 per share Grant Acquire A Yes No 0 207,156 0.00 26,498,602
25 Oct 22 Cantor Fitzgerald, L. P. Newmark Holdings Exchangeable Limited Partnership Interests Class A or Class B Common Stock, par value $0.01 per share Grant Acquire A No No 0 207,156 0.00 26,498,602
29 Sep 22 Michael J. Rispoli Class A Common Stock, par value $0.01 per share Grant Acquire A No No 0 750,000 0.00 775,926
29 Sep 22 Michael J. Rispoli Newmark Holdings Exchangeable Partnership Units Class A Common Stock, par value $0.01 per share Grant Acquire A No No 0 20,221 0.00 20,657
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
4 Analysts Have This to Say About Newmark Group
20 Jan 23
5 Value Stocks To Watch In The Real Estate Sector
9 Jan 23
Where Newmark Group Stands With Analysts
12 Dec 22
6 Analysts Have This to Say About Newmark Group
12 Dec 22
Benzinga's Top Ratings Upgrades, Downgrades For December 12, 2022
12 Dec 22

Press releases

From Benzinga Pro
Newmark Secures $400 Million Freddie Mac Tenant Advancement Commitment for Comunidad Partners
25 Jan 23
AUSTIN, Texas, Jan. 25, 2023 /PRNewswire/ -- Newmark announces it has secured a $400 million Tenant Advancement Commitment (TAC) on behalf of borrower Comunidad Partners, a vertically integrated real estate investment
Cantor Fitzgerald Announces the Sale of Rivertop Apartments in Nashville, Tennessee
19 Jan 23
NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Cantor Fitzgerald, L.P. ("Cantor Fitzgerald"1) announced the sale of Rivertop Apartments in Nashville, Tennessee. The sale was facilitated on behalf of investors in
Newmark Appoints Chris Carver as Head of Asia-Pacific for its Valuation & Advisory Practice
10 Jan 23
NEW YORK and HONG KONG, Jan. 10, 2023 /PRNewswire/ -- Newmark is pleased to announce that Chris Carver MRICS, MSISV, AAPI, has joined as Executive Managing Director and Head of Asia-Pacific (APAC) for the
Newmark Launches Data Visualization Technology, Newlitic, to Empower Corporate Real Estate Management
10 Jan 23
Newmark Arranges $535.8 Million Acquisition and Redevelopment Financing for US' Largest Ever Office-to-Residential Conversion
22 Dec 22
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