Marcus & Millichap Inc (NYSE:MMI) CFO Martin E. Louie sold 13,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.00, for a total transaction of $416,000.00. Following the transaction, the chief financial officer now directly owns 62,518 shares of the company’s stock, valued at $2,000,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Marcus & Millichap Inc (MMI) traded down $0.41 on Thursday, hitting $31.65. 164,980 shares of the stock traded hands, compared to its average volume of 148,133. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62. Marcus & Millichap Inc has a 1 year low of $23.22 and a 1 year high of $32.72. The stock has a market capitalization of $1,210.00, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.30 and a beta of 1.59.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Wednesday, November 22nd. Citigroup raised shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a report on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Marcus & Millichap currently has an average rating of “Hold” and an average price target of $33.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MMI. SG Americas Securities LLC bought a new stake in Marcus & Millichap during the second quarter valued at approximately $101,000. Victory Capital Management Inc. grew its position in Marcus & Millichap by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 904 shares during the period. Goldman Sachs Group Inc. bought a new stake in Marcus & Millichap during the second quarter valued at approximately $249,000. Russell Investments Group Ltd. bought a new stake in Marcus & Millichap during the third quarter valued at approximately $264,000. Finally, Parametric Portfolio Associates LLC grew its position in Marcus & Millichap by 34.7% during the second quarter. Parametric Portfolio Associates LLC now owns 11,281 shares of the real estate investment trust’s stock valued at $297,000 after buying an additional 2,909 shares during the period. 41.01% of the stock is owned by hedge funds and other institutional investors.

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Marcus & Millichap Company Profile

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.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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