Marcus & Millichap (MMI) Receiving Somewhat Favorable Press Coverage, Analysis Finds

Press coverage about Marcus & Millichap (NYSE:MMI) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marcus & Millichap earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 44.8313917024736 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Several analysts have recently issued reports on MMI shares. Citigroup raised shares of Marcus & Millichap from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research note on Wednesday, November 22nd. Finally, Wells Fargo & Company reissued a “market perform” rating and set a $31.00 price objective (up from $25.00) on shares of Marcus & Millichap in a research note on Wednesday, November 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $33.00.

Shares of Marcus & Millichap (NYSE MMI) opened at $31.15 on Friday. Marcus & Millichap has a 12 month low of $23.22 and a 12 month high of $32.38. The stock has a market cap of $1,188.09, a price-to-earnings ratio of 20.23, a PEG ratio of 3.43 and a beta of 1.59. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 0.02.

In other news, SVP William E. Hughes sold 2,199 shares of the business’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $27.99, for a total transaction of $61,550.01. Following the completion of the sale, the senior vice president now directly owns 40,540 shares of the company’s stock, valued at approximately $1,134,714.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George M. Marcus sold 16,819 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $30.34, for a total transaction of $510,288.46. Following the sale, the director now directly owns 15,879 shares of the company’s stock, valued at $481,768.86. The disclosure for this sale can be found here. Insiders have sold a total of 1,692,911 shares of company stock valued at $51,631,187 over the last three months. Corporate insiders own 58.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2017/12/17/marcus-millichap-mmi-receiving-somewhat-favorable-press-coverage-analysis-finds.html.

About Marcus & Millichap

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.

Insider Buying and Selling by Quarter for Marcus & Millichap (NYSE:MMI)

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.

Latest News

Leave a Reply