Marcus & Millichap Inc (NYSE:MMI) has received an average rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.00.
A number of analysts have commented on MMI shares. Wells Fargo & Co reiterated a “market perform” rating and issued a $31.00 price objective (up previously from $25.00) on shares of Marcus & Millichap in a research report on Wednesday, November 8th. Citigroup upgraded Marcus & Millichap from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, November 22nd. JMP Securities upgraded Marcus & Millichap from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Finally, William Blair reiterated a “market perform” rating on shares of Marcus & Millichap in a research report on Thursday, February 1st.
In other Marcus & Millichap news, CFO Martin E. Louie sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $32.00, for a total value of $416,000.00. Following the completion of the sale, the chief financial officer now owns 62,518 shares in the company, valued at approximately $2,000,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin E. Louie sold 7,800 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $28.90, for a total value of $225,420.00. Following the completion of the transaction, the chief financial officer now directly owns 56,966 shares of the company’s stock, valued at $1,646,317.40. The disclosure for this sale can be found here. Insiders sold a total of 1,462,353 shares of company stock valued at $44,735,449 in the last quarter. Corporate insiders own 58.30% of the company’s stock.
Shares of Marcus & Millichap (NYSE:MMI) opened at $30.93 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.62 and a current ratio of 4.62. Marcus & Millichap has a 52 week low of $23.22 and a 52 week high of $33.30. The firm has a market capitalization of $1,173.21, a P/E ratio of 20.08, a P/E/G ratio of 3.14 and a beta of 1.47.
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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.
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