Marcus & Millichap, Inc. (MMI) Director George M. Marcus Sells 16,819 Shares
Marcus & Millichap, Inc. (NYSE:MMI) Director George M. Marcus sold 16,819 shares of Marcus & Millichap stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $30.34, for a total value of $510,288.46. Following the sale, the director now directly owns 15,879 shares in the company, valued at $481,768.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Marcus & Millichap, Inc. (NYSE:MMI) traded down $0.40 during trading hours on Monday, reaching $30.08. The company had a trading volume of 139,500 shares, compared to its average volume of 138,589. The firm has a market capitalization of $1,147.28, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.31 and a beta of 1.55. Marcus & Millichap, Inc. has a fifty-two week low of $23.22 and a fifty-two week high of $30.98. The company has a quick ratio of 4.62, a current ratio of 4.62 and a debt-to-equity ratio of 0.02.
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A number of analysts have recently issued reports on the company. BidaskClub lowered Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $31.00 target price (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating, Marcus & Millichap has a consensus rating of “Hold” and an average price target of $31.00.
About Marcus & Millichap
Marcus & Millichap, Inc is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services.
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