What Will Happen to Marcus & Millichap, Inc. (MMI) Next? The Stock Just Reaches 52-Week High

June 18, 2018 - By Louis Casey

Marcus & Millichap, Inc. (NYSE:MMI) Logo

Investors sentiment decreased to 2.08 in Q1 2018. Its down 0.50, from 2.58 in 2017Q4. It worsened, as 4 investors sold Marcus & Millichap, Inc. shares while 36 reduced holdings. 34 funds opened positions while 49 raised stakes. 15.51 million shares or 6.83% more from 14.52 million shares in 2017Q4 were reported.
Ubs Asset Management Americas Inc has invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). Clark Estates New York holds 129,000 shares. Cambiar Ltd Liability Com holds 0.11% or 200,305 shares. Renaissance Technologies Limited Liability Company reported 250,000 shares. Ny State Common Retirement Fund holds 81,166 shares. Ajo Lp stated it has 199,725 shares. Deutsche Financial Bank Ag reported 107,088 shares or 0% of all its holdings. 182,634 were accumulated by Old Mutual Glob Invsts (Uk) Limited. Denali Advsrs Limited Liability Company has invested 0% in Marcus & Millichap, Inc. (NYSE:MMI). Credit Suisse Ag stated it has 0% in Marcus & Millichap, Inc. (NYSE:MMI). Granite Investment Prns Ltd Liability Co reported 633,250 shares. Rhumbline Advisers accumulated 0% or 14,663 shares. Finance Service holds 0% or 166 shares in its portfolio. Ellington Mgmt Grp Llc holds 0.02% or 8,500 shares. Federated Investors Pa reported 137 shares.

The stock of Marcus & Millichap, Inc. (NYSE:MMI) hit a new 52-week high and has $41.27 target or 5.00 % above today’s $39.30 share price. The 9 months bullish chart indicates low risk for the $1.52B company. The 1-year high was reported on Jun, 18 by Barchart.com. If the $41.27 price target is reached, the company will be worth $75.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.90% or $0.35 during the last trading session, reaching $39.3. About 254,691 shares traded or 29.76% up from the average. Marcus & Millichap, Inc. (NYSE:MMI) has risen 54.80% since June 18, 2017 and is uptrending. It has outperformed by 42.23% the S&P500.

Analysts await Marcus & Millichap, Inc. (NYSE:MMI) to report earnings on August, 14. They expect $0.52 EPS, up 30.00 % or $0.12 from last year’s $0.4 per share. MMI’s profit will be $20.06M for 18.89 P/E if the $0.52 EPS becomes a reality. After $0.46 actual EPS reported by Marcus & Millichap, Inc. for the previous quarter, Wall Street now forecasts 13.04 % EPS growth.

Marcus & Millichap, Inc. (NYSE:MMI) Ratings Coverage

Among 2 analysts covering Marcus \u0026 Millichap (NYSE:MMI), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Marcus \u0026 Millichap had 2 analyst reports since January 24, 2018 according to SRatingsIntel. JMP Securities upgraded the shares of MMI in report on Wednesday, January 24 to “Market Outperform” rating. Wells Fargo maintained Marcus & Millichap, Inc. (NYSE:MMI) on Wednesday, March 21 with “Hold” rating.

More important recent Marcus & Millichap, Inc. (NYSE:MMI) news were published by: Businesswire.com which released: “Marcus & Millichap, Inc. Completes Acquisition of Pinnacle Financial Group” on June 04, 2018, also Crainscleveland.com published article titled: “Marcus & Millichap finishes Pinnacle purchase”, Businesswire.com published: “Luxury Suburban Pittsburgh Multifamily Asset Sold by IPA for $61 Million” on June 07, 2018. More interesting news about Marcus & Millichap, Inc. (NYSE:MMI) was released by: Bizjournals.com and their article: “Deals Day: Toyota expands DFW presence with new distribution center” with publication date: June 08, 2018.

Marcus & Millichap, Inc., a brokerage company, provides investment brokerage and financing services to sellers and buyers of various commercial real estate assets in the United States and Canada. The company has market cap of $1.52 billion. The firm offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties. It has a 26.73 P/E ratio. It also operates as a broker of debt financing for commercial properties.

Marcus & Millichap, Inc. (NYSE:MMI) Institutional Positions Chart

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: