Market Runner: Marcus & Millichap Inc’s Stock Is Sell After Today’s Huge Decline

Market Runner: Marcus & Millichap Inc's Stock Is Sell After Today's Huge Decline

The stock of Marcus & Millichap Inc (NYSE:MMI) is a huge mover today! About 85,278 shares traded hands. Marcus & Millichap Inc (NYSE:MMI) has risen 7.61% since April 13, 2016 and is uptrending. It has outperformed by 3.68% the S&P500.
The move comes after 7 months negative chart setup for the $970.65M company. It was reported on Nov, 15 by Barchart.com. We have $23.89 PT which if reached, will make NYSE:MMI worth $58.24M less.

Marcus & Millichap Inc (NYSE:MMI) Ratings Coverage

Out of 4 analysts covering Marcus & Millichap (NYSE:MMI), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Marcus & Millichap has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Friday, October 23 by Wells Fargo. As per Tuesday, November 10, the company rating was upgraded by Goldman Sachs. The firm earned “Sell” rating on Wednesday, August 12 by Goldman Sachs. As per Monday, October 26, the company rating was downgraded by JMP Securities. The stock has “Buy” rating given by Citigroup on Friday, August 7.

According to Zacks Investment Research, “Marcus & Millichap, Inc. operates a brokerage firm specializing in real estate investments. It offers commercial real estate investment brokerage services for multifamily, retail, office, industrial, land, self-storage, seniors housing, manufactured housing, and mixed-use/other property types. The company also provides a range of advisory and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. is based in Calabasas, California.”

Insitutional Activity: The institutional sentiment increased to 0.83 in Q2 2016. Its up 0.08, from 0.75 in 2016Q1. The ratio is positive, as 16 funds sold all Marcus & Millichap Inc shares owned while 42 reduced positions. 16 funds bought stakes while 32 increased positions. They now own 13.22 million shares or 4.20% more from 12.69 million shares in 2016Q1.
Qs Investors Ltd owns 96,952 shares or 0.02% of their US portfolio. Secor Capital Advisors Limited Partnership last reported 66,252 shares in the company. Route One Lp, a California-based fund reported 1.13M shares. Prudential holds 0.01% of its portfolio in Marcus & Millichap Inc (NYSE:MMI) for 208,320 shares. Moreover, Teachers Advisors has 0% invested in Marcus & Millichap Inc (NYSE:MMI) for 23,154 shares. State Street holds 231,461 shares or 0% of its portfolio. State Board Of Administration Of Florida Retirement Systems reported 17,806 shares or 0% of all its holdings. Emerald Advisers Pa accumulated 0.35% or 284,488 shares. Citigroup, a New York-based fund reported 8,496 shares. Next Century Growth Ltd Liability Co has 0.35% invested in the company for 292,512 shares. Envestnet Asset accumulated 0% or 1,053 shares. Allianz Asset Mgmt Ag holds 0% of its portfolio in Marcus & Millichap Inc (NYSE:MMI) for 48,338 shares. Blackrock Institutional Trust Communications Na accumulated 0% or 670,152 shares. The New York-based Financial Bank Of Ny Mellon Corp has invested 0% in Marcus & Millichap Inc (NYSE:MMI). Clinton Grp Inc, a New York-based fund reported 13,924 shares.

More notable recent Marcus & Millichap Inc (NYSE:MMI) news were published by: Nasdaq.com which released: “Will Marcus & Millichap (MMI) Continue to Surge Higher?” on November 15, 2016, also Businesswire.com with their article: “Marcus & Millichap, Inc. Announces Retirement of John Kerin” published on March 01, 2016, Businesswire.com published: “Marcus & Millichap, Inc. Names Mitchell R. LaBar Chief Operating Officer” on March 10, 2016. More interesting news about Marcus & Millichap Inc (NYSE:MMI) were released by: Businesswire.com and their article: “Marcus & Millichap, Inc. Reports Results for First Quarter 2016” published on May 05, 2016 as well as Businesswire.com‘s news article titled: “Marcus & Millichap, Inc. to Report Fourth Quarter 2015 Financial Results on …” with publication date: February 03, 2016.

MMI Company Profile

Marcus & Millichap, Inc., incorporated on June 4, 2013, is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Firm also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services. It has over 1,600 investment sales and financing professionals in over 80 offices in the United States and Canada that provide investment brokerage and financing services to sellers and buyers of commercial real estate.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment