Shares of Marcus & Millichap Inc (NYSE:MMI) have been given an average recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $31.00.
Several research firms have recently weighed in on MMI. Zacks Investment Research cut Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Citigroup raised Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th.
Shares of Marcus & Millichap (MMI) opened at $31.49 on Friday. Marcus & Millichap has a 12-month low of $23.22 and a 12-month high of $32.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.62 and a quick ratio of 4.62. The firm has a market capitalization of $1,180.08, a P/E ratio of 20.45, a PEG ratio of 3.15 and a beta of 1.59.
In related news, SVP William E. Hughes sold 6,840 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $30.05, for a total value of $205,542.00. Following the completion of the transaction, the senior vice president now directly owns 61,701 shares of the company’s stock, valued at $1,854,115.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George M. Marcus sold 26,138 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $29.97, for a total value of $783,355.86. Following the completion of the transaction, the director now directly owns 15,879 shares of the company’s stock, valued at $475,893.63. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,706,908 shares of company stock valued at $52,147,895. 58.30% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of MMI. SG Americas Securities LLC bought a new position in Marcus & Millichap in the second quarter worth $101,000. Victory Capital Management Inc. lifted its position in Marcus & Millichap by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,027 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 904 shares during the period. Goldman Sachs Group Inc. bought a new position in Marcus & Millichap in the second quarter worth $249,000. Russell Investments Group Ltd. bought a new position in Marcus & Millichap in the third quarter worth $264,000. Finally, Parametric Portfolio Associates LLC lifted its position in Marcus & Millichap by 34.7% in the second quarter. Parametric Portfolio Associates LLC now owns 11,281 shares of the real estate investment trust’s stock worth $297,000 after purchasing an additional 2,909 shares during the period. 41.01% of the stock is owned by hedge funds and other institutional investors.
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.