NYSE:MMIMarcus & Millichap Stock Price, Forecast & News

Marcus & Millichap's stock was trading at $27.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MMI shares have decreased by 2.7% and is now trading at $26.50.
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2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marcus & Millichap in the last year. There are currently 1 sell rating and 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Marcus & Millichap is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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Marcus & Millichap will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Marcus & Millichap Inc (NYSE:MMI) issued its quarterly earnings data on Thursday, May, 7th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The real estate investment trust had revenue of $190.70 million for the quarter, compared to analysts' expectations of $167.80 million. Marcus & Millichap had a return on equity of 15.44% and a net margin of 8.89%. The business's revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS.
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2 analysts have issued twelve-month price objectives for Marcus & Millichap's shares. Their forecasts range from $28.00 to $28.00. On average, they anticipate Marcus & Millichap's share price to reach $28.00 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
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Media stories about MMI stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Marcus & Millichap earned a coverage optimism score of 1.6 on InfoTrie's scale. They also gave news stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
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Marcus & Millichap saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 565,800 shares, a decline of 9.1% from the June 15th total of 622,600 shares. Based on an average daily volume of 162,900 shares, the short-interest ratio is presently 3.5 days. Approximately 2.5% of the company's shares are sold short.
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Some companies that are related to Marcus & Millichap include Redfin (RDFN), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Realogy (RLGY), Newmark Group (NMRK), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marcus & Millichap investors own include Jones Lang LaSalle (JLL), CBRE Group (CBRE), HFF (HF), Newmark Group (NMRK), Cisco Systems (CSCO), Micron Technology (MU), Bank of America (BAC), Colliers International Group (CIGI), General Electric (GE) and Walker & Dunlop (WD).

Marcus & Millichap trades on the New York Stock Exchange (NYSE) under the ticker symbol "MMI."

Marcus & Millichap's stock is owned by many different retail and institutional investors. Top institutional investors include Reinhart Partners Inc. (1.79%), Tributary Capital Management LLC (1.65%), Granite Investment Partners LLC (0.98%), Assenagon Asset Management S.A. (0.17%), Cambiar Investors LLC (0.16%) and Envestnet Asset Management Inc. (0.12%). Company insiders that own Marcus & Millichap stock include George M Marcus, Hessam Nadji, Martin E Louie, Mitchell R Labar and Phoenix Investments Holdings L.
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MMI stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, UBS Group AG, Envestnet Asset Management Inc., Bowling Portfolio Management LLC, First Quadrant L P CA, Nisa Investment Advisors LLC, and Cambiar Investors LLC.
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MMI stock was purchased by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Assenagon Asset Management S.A., Tributary Capital Management LLC, SG Americas Securities LLC, Comerica Bank, Granite Investment Partners LLC, Zurcher Kantonalbank Zurich Cantonalbank , and Pitcairn Co..
View insider buying and selling activity for Marcus & Millichap.

Shares of MMI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MMI stock can currently be purchased for approximately $26.50.

Marcus & Millichap has a market capitalization of $1.04 billion and generates $806.43 million in revenue each year. The real estate investment trust earns $76.93 million in net income (profit) each year or $1.95 on an earnings per share basis. Marcus & Millichap employs 831 workers across the globe.

The official website for Marcus & Millichap is www.marcusmillichap.com.

Marcus & Millichap's mailing address is 23975 PARK SORRENTO SUITE 400, CALABASAS CA, 91302. The real estate investment trust can be reached via phone at 818-212-2250 or via email at [email protected]