Marcus & Millichap Inc (MMI) CFO Martin E. Louie Sells 13,000 Shares
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.
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.
Receive News & Ratings for Marcus & Millichap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus & Millichap and related companies with MarketBeat.com's FREE daily email newsletter.