MMI - Marcus & Millichap Inc Stock Price, Fair Value and News

35.54USD+0.25 (+0.71%)Market Closed

Market Summary

USD35.54+0.25

Market Closed

0.71%

MMI Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

MMI Stock Price

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MMI RSI Chart

MMI Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-35.99

Price/Sales (Trailing)

2.22

EV/EBITDA

-44.35

Price/Free Cashflow

-43.79

MMI Price/Sales (Trailing)

MMI Profitability

EBT Margin

-7.04%

Return on Equity

-6.1%

Return on Assets

-4.62%

Free Cashflow Yield

-2.28%

MMI Fundamentals

MMI Revenue

Revenue (TTM)

620.2M

Rev. Growth (Yr)

-16.6%

Rev. Growth (Qtr)

-22.34%

MMI Earnings

Earnings (TTM)

-38.2M

Earnings Growth (Yr)

-71.22%

Earnings Growth (Qtr)

2.4%

Breaking Down MMI Revenue

Last 7 days

5.5%

Last 30 days

15.7%

Last 90 days

-9.9%

Trailing 12 Months

20.4%

How does MMI drawdown profile look like?

MMI Financial Health

Current Ratio

3.71

MMI Investor Care

Shares Dilution (1Y)

0.52%

Diluted EPS (TTM)

-1

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	620.2M	0	0	0
2023	1.1B	903.9M	742.1M	645.9M
2022	1.4B	1.5B	1.5B	1.3B
2021	710.2M	877.7M	1.1B	1.3B
2020	836.4M	744.2M	704.6M	716.9M
2019	801.0M	811.2M	798.8M	806.4M
2018	741.0M	760.1M	787.3M	814.8M
2017	706.4M	703.4M	706.1M	719.7M
2016	706.8M	716.7M	731.4M	717.5M
2015	604.1M	643.4M	658.3M	689.1M
2014	481.1M	509.9M	548.8M	572.2M
2013	392.4M	413.7M	434.4M	435.9M
2012	302.5M	330.2M	358.0M	385.7M
2011	0	0	0	274.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Marcus & Millichap Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	english dixon collete	acquired	74,985	32.56	2,303	-
May 02, 2024	martin lauralee	acquired	74,985	32.56	2,303	-
May 02, 2024	watters don c.	acquired	74,985	32.56	2,303	-
May 02, 2024	lawrence norma j.	acquired	74,985	32.56	2,303	-
May 02, 2024	marcus george m	acquired	74,985	32.56	2,303	-
May 02, 2024	shaheen george t	acquired	74,985	32.56	2,303	-
May 02, 2024	mcclanahan nicholas f.	acquired	74,985	32.56	2,303	-
Mar 14, 2024	parker john david	sold	-318,977	32.8301	-9,716	evp & coo - eastern division
Mar 13, 2024	laberge gregory a.	sold	-140,248	33.52	-4,184	chief administrative officer
Mar 12, 2024	matricaria richard d.	sold	-316,503	33.3161	-9,500	evp & coo - western division

Which funds bought or sold MMI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.15	-294,991	848,202	-%
May 16, 2024	JANE STREET GROUP, LLC	added	1,100	1,717,240	1,921,790	-%
May 16, 2024	Pineridge Advisors LLC	sold off	-100	-3,451	-	-%
May 16, 2024	COMERICA BANK	reduced	-5.02	-169,434	489,750	-%
May 16, 2024	HANCOCK WHITNEY CORP	added	20.77	-21,209	362,784	0.01%
May 15, 2024	Cresset Asset Management, LLC	sold off	-100	-1,744,520	-	-%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	new	-	274,043	274,043	-%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	12.72	-31,000	233,000	-%
May 15, 2024	Point72 Asia (Singapore) Pte. Ltd.	new	-	108,080	108,080	0.03%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	reduced	-12.18	-5,743,760	12,606,500	-%

Are Funds Buying or Selling MMI?

Are funds buying MMI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MMI

No. of Funds

Unveiling Marcus & Millichap Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.01%	3,841,718	SC 13G/A
Jan 24, 2024	blackrock inc.	9.9%	3,810,262	SC 13G/A
Jan 23, 2024	royce & associates lp	5.06%	1,944,058	SC 13G/A
Feb 09, 2023	vanguard group inc	10.30%	4,052,839	SC 13G/A
Jan 26, 2023	blackrock inc.	13.1%	5,162,479	SC 13G/A
Jan 24, 2023	royce & associates lp	5.39%	2,121,119	SC 13G/A
Jan 20, 2023	blackrock inc.	13.1%	5,162,479	SC 13G/A
Jun 09, 2022	vanguard group inc	10.45%	4,062,755	SC 13G/A
Jan 27, 2022	blackrock inc.	15.1%	5,978,433	SC 13G/A
Jan 26, 2022	blackrock inc.	15.1%	5,978,433	SC 13G/A

Recent SEC filings of Marcus & Millichap Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	144	Notice of Insider Sale Intent
May 17, 2024	144	Notice of Insider Sale Intent
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading
May 06, 2024	4	Insider Trading

Peers (Alternatives to Marcus & Millichap Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	35.7B	2.5B	2.41%	12.16%	121.44	14.14	12.26%	-19.88%
CBRE	28.0B	32.5B	7.21%	18.84%	28.14	0.86	5.07%	-12.06%
Z	10.4B	2.0B	3.71%	-3.82%	-65.12	5.16	6.03%	-14.39%
MID-CAP
JLL	9.8B	21.2B	18.97%	40.96%	32.63	0.46	1.89%	-39.82%
JOE	3.4B	404.1M	6.38%	28.03%	41.8	8.4	55.15%	19.63%
CWK	2.7B	9.4B	26.54%	44.64%	220.22	0.28	-5.93%	-83.62%
DBRG	2.2B	821.4M	-20.99%	26.60%	6.31	2.72	18.22%	229.45%
SMALL-CAP
EXPI	1.9B	4.4B	26.26%	-15.63%	-212.43	0.44	-1.45%	-158.11%
ARL	223.1M	50.7M	-11.02%	-18.96%	81.38	4.4	22.36%	-99.25%
AXR	108.9M	44.5M	-4.35%	50.73%	48.83	2.44	-24.76%	-93.06%
CHCI	73.0M	45.1M	10.04%	78.23%	9.19	1.62	10.35%	24.96%
ASPS	48.8M	145.1M	20.67%	-58.77%	-0.93	0.34	-5.22%	1.69%

Marcus & Millichap Inc News

Latest updates

Marcus & Millichap Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-22.3%	129	166	162	163	155	262	324	396	319	495	332	285	184	250	159	117	191	238	198	210	161
Operating Expenses	-18.7%	149	183	177	174	171	257	293	339	275	413	287	243	164	220	152	120	171	211	174	183	142
S&GA Expenses	-7.7%	69.00	75.00	69.00	69.00	72.00	73.00	73.00	80.00	75.00	77.00	65.00	62.00	52.00	56.00	50.00	44.00	55.00	53.00	48.00	53.00	49.00
EBITDA Margin	-16.5%	-0.05*	-0.04*	-0.01*	0.04*	0.09*	0.12*	0.15*	0.16*	0.16*	0.16*	0.15*	0.13*	-	-	-	-	-	-	-	-	-
Interest Expenses	-7.9%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	-227.1%	-4.75	-1.45	-2.01	3.00	-5.63	2.00	10.00	14.00	12.00	22.00	12.00	11.00	6.00	9.00	2.00	0.00	6.00	9.00	7.00	8.00	6.00
Earnings Before Taxes	-26.1%	-14.73	-11.68	-11.25	-6.00	-11.47	10.00	31.00	56.00	45.00	84.00	46.00	43.00	21.00	32.00	8.00	0.00	19.00	30.00	26.00	30.00	21.00
EBT Margin	-12.6%	-0.07*	-0.06*	-0.03*	0.03*	0.08*	0.11*	0.14*	0.15*	0.15*	0.15*	0.14*	0.12*	-	-	-	-	-	-	-	-	-
Net Income	2.4%	-9.99	-10.23	-9.24	-8.73	-5.83	8.00	21.00	42.00	33.00	62.00	34.00	32.00	15.00	24.00	6.00	0.00	13.00	21.00	19.00	21.00	16.00
Net Income Margin	-16.9%	-0.06*	-0.05*	-0.02*	0.02*	0.06*	0.08*	0.10*	0.11*	0.11*	0.11*	0.10*	0.09*	-	-	-	-	-	-	-	-	-
Free Cashflow	-512.7%	-53.66	13.00	5.00	4.00	-104	22.00	37.00	13.00	-69.42	154	65.00	52.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-5.9%	827	878	882	884	910	1,004	1,000	967	980	1,045	875	818	751	779	696	671	670	709	665	640	604
Current Assets	-12.7%	344	394	390	382	405	527	516	498	571	608	430	411	382	429	373	348	352	410	386	352	340
Cash Equivalents	-47.0%	91.00	171	224	171	228	236	271	212	316	382	281	230	222	243	173	155	190	233	226	207	198
Net PPE	1.4%	28.00	27.00	28.00	28.00	28.00	28.00	27.00	25.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	23.00	22.00	21.00	20.00
Liabilities	-13.7%	201	233	233	220	228	290	276	250	305	349	243	221	189	232	175	158	161	214	192	189	177
Current Liabilities	-12.0%	93.00	105	103	89.00	103	152	147	128	192	226	131	116	91.00	120	76.00	59.00	66.00	102	84.00	81.00	73.00
Shareholder's Equity	-3.1%	626	645	649	664	682	714	724	717	675	696	632	597	562	547	521	513	509	495	472	451	426
Retained Earnings	-4.2%	472	492	507	526	552	586	600	596	554	574	512	478	446	431	407	401	401	388	368	348	327
Additional Paid-In Capital	0.9%	155	154	145	140	133	132	128	124	123	122	119	117	114	113	111	108	106	105	102	100	98.00
Accumulated Depreciation	4.6%	51.00	48.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding	0.6%	39.00	38.00	39.00	38.00	39.00	39.00	40.00	40.00	40.00	40.00	40.00	40.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	728	-	-	-	907	-	-	-	937	-	-	-	671	-	-	-	704	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-447.5%	-51,021	14,684	7,661	6,432	-101,207	25,404	40,065	15,695	-67,535	156,310	66,127	53,568	-20,102	66,354	23,583	944	-52,793	31,340	18,310	14,235	-38,598
Share Based Compensation	-30.5%	5,795	8,338	5,446	5,351	5,011	4,637	4,544	4,275	3,856	2,708	2,703	2,662	2,288	2,354	2,383	2,536	2,632	2,238	2,114	2,585	2,341
Cashflow From Investing	59.9%	-21,601	-53,866	46,360	-34,983	117,356	-22,684	25,284	-63,558	6,983	-52,574	-13,932	-44,991	3,141	4,153	-4,922	-29,556	13,097	-24,501	1,453	-4,447	24,073
Cashflow From Financing	47.8%	-7,500	-14,361	-946	-28,357	-24,015	-37,781	-5,875	-55,956	-5,943	162	-1,623	58.00	-4,516	-511	-487	-6,392	-2,940	-250	-440	-1,162	-2,026
Dividend Payments	-100.0%	-	9,664	112	9,886	441	10,197	79.00	50,082	-	-	-	-	-	-	-	-	-	-	-	-	-
Buy Backs	-87.7%	554	4,513	818	16,594	16,699	23,394	7,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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MMI Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue:
Total revenue	$ 129,104	$ 154,792
Operating expenses:
Cost of services	76,868	95,427
Selling, general and administrative	68,916	72,219
Depreciation and amortization	3,422	3,207
Total operating expenses	149,206	170,853
Operating loss	(20,102)	(16,061)
Other income, net	5,568	4,810
Interest expense	(199)	(215)
Loss before benefit for income taxes	(14,733)	(11,466)
Benefit for income taxes	(4,746)	(5,633)
Net loss	$ (9,987)	$ (5,833)
Net loss per share:
Basic (in dollars per share)	$ (0.26)	$ (0.15)
Diluted (in dollars per share)	$ (0.26)	$ (0.15)
Weighted average common shares outstanding:
Basic (in shares)	38,447	39,200
Diluted (in shares)	38,447	39,200
Real estate brokerage commissions
Revenue:
Total revenue	$ 109,475	$ 135,046
Financing fees
Revenue:
Total revenue	14,427	15,868
Other revenue
Revenue:
Total revenue	$ 5,202	$ 3,878

MMI Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash, cash equivalents, and restricted cash	$ 90,556	$ 170,753
Commissions receivable	13,785	16,171
Prepaid expenses	7,546	8,813
Income tax receivable	9,461	9,299
Marketable debt securities, available-for-sale (amortized cost of $198,847 and $169,018 at March 31, 2024 and December 31, 2023, respectively, and $0 allowance for credit losses)	198,314	168,881
Advances and loans, net	7,861	3,574
Other assets, current	16,014	16,203
Total current assets	343,537	393,694
Property and equipment, net	27,832	27,450
Operating lease right-of-use assets, net	92,929	90,058
Marketable debt securities, available-for-sale (amortized cost of $59,302 and $69,538 at March 31, 2024 and December 31, 2023, respectively, and $0 allowance for credit losses)	57,400	67,459
Assets held in rabbi trust	11,467	10,838
Deferred tax assets, net	51,725	46,930
Goodwill and other intangible assets, net	50,041	51,183
Advances and loans, net	175,604	175,827
Other assets, non-current	16,116	14,972
Total assets	826,651	878,411
Current liabilities:
Accounts payable and accrued expenses	9,359	8,126
Deferred compensation and commissions	40,511	55,769
Operating lease liabilities	17,535	18,336
Accrued bonuses and other employee related expenses	7,264	19,119
Other liabilities, current	17,923	3,919
Total current liabilities	92,592	105,269
Deferred compensation and commissions	27,304	47,771
Operating lease liabilities	73,935	69,407
Other liabilities, non-current	7,265	10,690
Total liabilities	201,096	233,137
Commitments and contingencies	0	0
Stockholders' equity:
Preferred stock	0	0
Common stock	4	4
Additional paid-in capital	155,157	153,740
Retained earnings	471,670	492,298
Accumulated other comprehensive loss	(1,276)	(768)
Total stockholders’ equity	625,555	645,274
Total liabilities and stockholders’ equity	$ 826,651	$ 878,411

About Marcus & Millichap Inc

Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing, as well as capital markets. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, which includes opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market strategy, development and redevelopment feasibility studies, and other services for developers, lenders, owners, real estate investment trusts, high-net-worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.

CEO	Mr. Hessam Nadji
WEBSITE	marcusmillichap.com
INDUSTRY	Real Estate Services
EMPLOYEES	887

Marcus & Millichap Inc Frequently Asked Questions

What is the ticker symbol for Marcus & Millichap Inc? What does MMI stand for in stocks?

MMI is the stock ticker symbol of Marcus & Millichap Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Marcus & Millichap Inc (MMI)?

As of Fri May 17 2024, market cap of Marcus & Millichap Inc is 1.37 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MMI stock?

You can check MMI's fair value in chart for subscribers.

What is the fair value of MMI stock?

You can check MMI's fair value in chart for subscribers. The fair value of Marcus & Millichap Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Marcus & Millichap Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MMI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Marcus & Millichap Inc a good stock to buy?

The fair value guage provides a quick view whether MMI is over valued or under valued. Whether Marcus & Millichap Inc is cheap or expensive depends on the assumptions which impact Marcus & Millichap Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MMI.

What is Marcus & Millichap Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MMI's PE ratio (Price to Earnings) is -35.99 and Price to Sales (PS) ratio is 2.22. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MMI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Marcus & Millichap Inc's stock?

In the past 10 years, Marcus & Millichap Inc has provided 0.072 (multiply by 100 for percentage) rate of return.