Were Analysts Bearish Marcus & Millichap, Inc. (NYSE:MMI) This Week?

March 14, 2018 - By Linda Rogers

 Were Analysts Bearish Marcus & Millichap, Inc. (NYSE:MMI) This Week?
Investors sentiment increased to 2.1 in 2017 Q3. Its up 0.82, from 1.28 in 2017Q2. It improved, as 7 investors sold Marcus & Millichap, Inc. shares while 23 reduced holdings. 25 funds opened positions while 38 raised stakes. 13.37 million shares or 12.48% less from 15.28 million shares in 2017Q2 were reported.
Legal & General Gp Public Limited Com has 0% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 4,964 shares. Morgan Stanley accumulated 0% or 41,522 shares. Bancorporation Of Ny Mellon holds 0% or 149,714 shares in its portfolio. Tiaa Cref Inv Management Ltd Liability has 51,026 shares. Brandywine Glob Investment Limited Liability Company accumulated 126,479 shares. Ellington Mgmt Group Limited Liability Company, Connecticut-based fund reported 14,800 shares. Ny State Common Retirement Fund holds 65,742 shares or 0% of its portfolio. Tributary Cap Management Limited Company has invested 1.29% in Marcus & Millichap, Inc. (NYSE:MMI). Barclays Pcl has invested 0% of its portfolio in Marcus & Millichap, Inc. (NYSE:MMI). Schwab Charles Inv Management reported 0% stake. Us Bancshares De invested in 0% or 2,174 shares. Invesco Ltd reported 11,196 shares. Essex Inv Management Co Ltd Liability invested in 0.1% or 26,954 shares. Zebra Mgmt Lc has 0.23% invested in Marcus & Millichap, Inc. (NYSE:MMI) for 26,835 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 507 shares or 0% of all its holdings.

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

Among 4 analysts covering Marcus & Millichap (NYSE:MMI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Marcus & Millichap had 11 analyst reports since August 7, 2015 according to SRatingsIntel. The company was initiated on Friday, October 23 by Wells Fargo. The stock has “Buy” rating by Citigroup on Tuesday, November 14. The firm has “Buy” rating by Citigroup given on Friday, August 7. The stock of Marcus & Millichap, Inc. (NYSE:MMI) has “Neutral” rating given on Tuesday, November 10 by Goldman Sachs. The stock of Marcus & Millichap, Inc. (NYSE:MMI) has “Sell” rating given on Wednesday, August 12 by Goldman Sachs. JMP Securities downgraded the shares of MMI in report on Monday, October 26 to “Market Perform” rating. JMP Securities upgraded the shares of MMI in report on Wednesday, January 24 to “Market Outperform” rating. The stock has “Neutral” rating by Citigroup on Tuesday, December 20. The firm has “Hold” rating by Wells Fargo given on Wednesday, November 8. Below is a list of Marcus & Millichap, Inc. (NYSE:MMI) latest ratings and price target changes.

24/01/2018 Broker: JMP Securities Old Rating: Market Perform New Rating: Market Outperform Upgrade
14/11/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
08/11/2017 Broker: Wells Fargo Rating: Hold New Target: $31.0 Maintain

The stock decreased 0.42% or $0.15 during the last trading session, reaching $35.95. About 307,632 shares traded or 122.72% up from the average. Marcus & Millichap, Inc. (NYSE:MMI) has declined 0.91% since March 14, 2017 and is downtrending. It has underperformed by 17.61% the S&P500.

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 $1.38 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 27.23 P/E ratio. It also operates as a broker of debt financing for commercial properties.

More news for Marcus & Millichap, Inc. (NYSE:MMI) were recently published by: Businesswire.com, which released: “Marcus & Millichap, Inc. to Report Fourth Quarter 2017 Financial Results on …” on February 26, 2018. Businesswire.com‘s article titled: “Marcus & Millichap, Inc. Reports Results for Fourth Quarter and Full-Year 2017” and published on March 08, 2018 is yet another important article.

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