NewtekOne (NASDAQ:NEWT) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of NewtekOne, Inc. (NASDAQ:NEWT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.52 and traded as high as $13.78. NewtekOne shares last traded at $13.70, with a volume of 116,673 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on NEWT shares. Wall Street Zen raised shares of NewtekOne from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Keefe, Bruyette & Woods raised their price objective on shares of NewtekOne from $12.00 to $13.00 and gave the stock a “market perform” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of NewtekOne from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, NewtekOne presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

NewtekOne Trading Up 2.2%

The company has a market cap of $404.04 million, a price-to-earnings ratio of 6.17 and a beta of 1.29. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 6.76. The firm’s 50-day moving average price is $12.98 and its 200 day moving average price is $12.53.

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Thursday, April 30th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.43. NewtekOne had a return on equity of 19.00% and a net margin of 16.15%.The company had revenue of $88.18 million for the quarter, compared to analysts’ expectations of $75.77 million. NewtekOne has set its FY 2027 guidance at 2.400-2.800 EPS. As a group, equities analysts expect that NewtekOne, Inc. will post 2.38 EPS for the current year.

Hedge Funds Weigh In On NewtekOne

Large investors have recently modified their holdings of the company. North Reef Capital Management LP bought a new position in shares of NewtekOne in the 3rd quarter worth $4,430,000. GSA Capital Partners LLP bought a new position in NewtekOne during the 4th quarter valued at $1,126,000. LSV Asset Management lifted its stake in NewtekOne by 18.4% during the 3rd quarter. LSV Asset Management now owns 131,800 shares of the business services provider’s stock valued at $1,509,000 after acquiring an additional 20,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in NewtekOne during the 3rd quarter valued at $150,000. Finally, Cerity Partners LLC lifted its stake in NewtekOne by 18.0% during the 4th quarter. Cerity Partners LLC now owns 13,714 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 2,095 shares in the last quarter. 38.35% of the stock is currently owned by institutional investors.

NewtekOne Company Profile

NewtekOne, Inc (NASDAQ: NEWT) is a publicly traded business development company that specializes in providing financial and business services to small and medium‐sized enterprises across the United States. Operating under the trade name The Newtek Small Business Finance, the company offers a diversified array of lending solutions designed to meet the working capital, equipment acquisition and growth needs of its clients.

The company’s core lending offerings include Small Business Administration (SBA) 7(a) loans, equipment financing, lines of credit and commercial real estate financing.