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Marcus & Millichap Inc (MMI)

Upturn stock ratingUpturn stock rating
$30.71
Last Close (24-hour delay)
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

06/30/2025: MMI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

1 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $30

1 Year Target Price $30

Analysts Price Target For last 52 week
$30Target price
Low$27.61
Current$30.71
high$42.5

Analysis of Past Performance

Type Stock
Historic Profit -12.8%
Avg. Invested days 31
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.21B USD
Price to earnings Ratio -
1Y Target Price 30
Price to earnings Ratio -
1Y Target Price 30
Volume (30-day avg) 1
Beta 1.23
52 Weeks Range 27.61 - 42.50
Updated Date 06/30/2025
52 Weeks Range 27.61 - 42.50
Updated Date 06/30/2025
Dividends yield (FY) 1.61%
Basic EPS (TTM) -0.17

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -0.96%
Operating Margin (TTM) -12.57%

Management Effectiveness

Return on Assets (TTM) -2.39%
Return on Equity (TTM) -1.09%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 1029751737
Price to Sales(TTM) 1.7
Enterprise Value 1029751737
Price to Sales(TTM) 1.7
Enterprise Value to Revenue 1.45
Enterprise Value to EBITDA 223.76
Shares Outstanding 38976900
Shares Floating 24294554
Shares Outstanding 38976900
Shares Floating 24294554
Percent Insiders 3.47
Percent Institutions 97.27

Analyst Ratings

Rating 1
Target Price 30
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell 1
Strong Sell 1

ai summary icon Upturn AI SWOT

Marcus & Millichap Inc

stock logo

Company Overview

overview logo History and Background

Marcus & Millichap was founded in 1971. It has grown to become a leading brokerage firm specializing in commercial real estate investment sales, financing, research, and advisory services.

business area logo Core Business Areas

  • Real Estate Brokerage: Facilitates the purchase and sale of commercial properties, including multifamily, retail, office, industrial, hospitality, and specialty assets.
  • Financing Services: Provides debt and equity financing solutions for commercial real estate transactions through Marcus & Millichap Capital Corporation (MMCC).
  • Research Services: Offers market research and analysis to clients, providing insights into commercial real estate trends and investment opportunities.
  • Investment Services: Offer the best commercial real estate services, advisory and execution.

leadership logo Leadership and Structure

Hessam Nadji serves as President and CEO. The company has a decentralized organizational structure with offices across North America.

Top Products and Market Share

overview logo Key Offerings

  • Investment Property Sales: The core offering, encompassing the brokerage of commercial real estate transactions. While precise market share data is difficult to obtain and varies by region and property type, Marcus & Millichap is considered one of the largest players in this space. Competitors include CBRE, JLL, and Cushman & Wakefield.
  • MMCC Financing: Provides financing options. Marcus & Millichap generates revenue from placement fees. Competitors include institutional lenders, banks, and other commercial mortgage brokers. No specific market share is available to the public
  • Advisory Services: Real estate investment advisory services and solutions for clients. Competitors include private equity firms, consultants and financial advisors. No specific market share is available to the public

Market Dynamics

industry overview logo Industry Overview

The commercial real estate market is influenced by factors such as interest rates, economic growth, and demographic trends. Demand for commercial properties varies by sector and geographic location.

Positioning

Marcus & Millichap is a well-established player with a large network of brokers and a strong brand reputation. Its decentralized structure allows it to cater to local markets effectively. It is one of the largest firms dedicated solely to investment sales.

Total Addressable Market (TAM)

The total addressable market for commercial real estate brokerage is substantial, estimated in the hundreds of billions of dollars annually. Marcus & Millichap captures a portion of this market through its transaction volume.

Upturn SWOT Analysis

Strengths

  • Large Broker Network
  • Strong Brand Recognition
  • Decentralized Structure
  • Extensive Market Research
  • Dedicated to Investment Sales

Weaknesses

  • Reliance on Broker Performance
  • Sensitivity to Market Cycles
  • Competition from Larger Diversified Firms
  • Decentralized structure can result in lack of standardization
  • Technology challenges can make it less efficient

Opportunities

  • Expansion into New Markets
  • Increased Investment in Technology
  • Growing Demand for Commercial Real Estate
  • Strategic Acquisitions
  • Capitalize on distressed market opportunities

Threats

  • Economic Downturns
  • Rising Interest Rates
  • Increased Competition
  • Changes in Tax Laws
  • Geopolitical Instability

Competitors and Market Share

competitor logo Key Competitors

  • CBRE (CBRE)
  • Jones Lang LaSalle (JLL)
  • Cushman & Wakefield (CWK)

Competitive Landscape

Marcus & Millichap's strength lies in its focus on investment sales and its large broker network. Larger, more diversified firms have broader service offerings but may not have the same level of specialization.

Major Acquisitions

Institutional Property Advisors (IPA)

  • Year: 2012
  • Acquisition Price (USD millions): 46.5
  • Strategic Rationale: To provide enhanced brokerage services.

Growth Trajectory and Initiatives

Historical Growth: Growth has been tied to the overall health of the commercial real estate market and the company's ability to recruit and retain brokers.

Future Projections: Analyst estimates vary and should be considered in light of market conditions and company-specific initiatives.

Recent Initiatives: Focus on technology adoption, expansion of service offerings, and strategic acquisitions.

Summary

Marcus & Millichap benefits from a large broker network and specializes solely in the investment sales, giving it a key advantage in the brokerage marketplace. However, its decentralized structure needs to be carefully controlled, which can result in lack of standardization. They need to be careful on competition from Larger Diversified Firms. Economic downturns is something the company needs to be aware of. Focus on technology adoption, expansion of service offerings will help the company excel in the market

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Company Website
  • Industry Reports
  • Financial News Providers

Disclaimers:

This analysis is based on available information and is not financial advice. Market conditions can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Marcus & Millichap Inc

Exchange NYSE
Headquaters Calabasas, CA, United States
IPO Launch date 2013-10-31
President, CEO & Director Mr. Hessam Nadji
Sector Real Estate
Industry Real Estate Services
Full time employees 897
Full time employees 897

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 real estate services comprising 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/financing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, preferred equity, and securitization services, as well as loan sales and due diligence services to commercial real estate owners, developers, and investors. In addition, the company provides advisory and consulting services, which include 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; and leasing services for tenants and/or landlords in connection with commercial real estate leases. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.