Somewhat Positive Press Coverage Somewhat Unlikely to Impact Marcus & Millichap (MMI) Share Price
News headlines about Marcus & Millichap (NYSE:MMI) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Marcus & Millichap earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.5363487366069 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Marcus & Millichap, Inc. breached its 50 day moving average in a Bearish Manner : MMI-US : August 11, 2017 (finance.yahoo.com)
- Marcus & Millichap, Inc. :MMI-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Kennedy-Wilson Holdings (KW) vs. Marcus & Millichap (NYSE:MMI) Financial Comparison (americanbankingnews.com)
- FY2017 Earnings Estimate for Marcus & Millichap, Inc. Issued By William Blair (NYSE:MMI) (americanbankingnews.com)
- Marcus & Millichap, Inc. (MMI) Posts Earnings Results (americanbankingnews.com)
Several research firms have recently commented on MMI. BidaskClub raised shares of Marcus & Millichap from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Marcus & Millichap from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine downgraded shares of Marcus & Millichap from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Marcus & Millichap currently has a consensus rating of “Hold” and a consensus price target of $27.00.
Shares of Marcus & Millichap (NYSE:MMI) opened at 25.46 on Friday. Marcus & Millichap has a 52-week low of $22.93 and a 52-week high of $30.31. The company has a market capitalization of $970.46 million, a P/E ratio of 16.64 and a beta of 1.55. The stock’s 50 day moving average is $26.26 and its 200 day moving average is $25.66.
Marcus & Millichap (NYSE:MMI) last issued its quarterly earnings results on Tuesday, August 8th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.07. Marcus & Millichap had a net margin of 8.51% and a return on equity of 22.56%. The business had revenue of $180.37 million for the quarter, compared to the consensus estimate of $177.40 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Equities analysts expect that Marcus & Millichap will post $1.42 EPS for the current year.
In other Marcus & Millichap news, CEO Hessam Nadji sold 8,500 shares of Marcus & Millichap stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $24.41, for a total transaction of $207,485.00. Following the transaction, the chief executive officer now owns 305,161 shares of the company’s stock, valued at $7,448,980.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 58.30% of the stock is owned by insiders.
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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.
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