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Upturn stock rating
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Marcus & Millichap Inc (MMI)

Upturn stock rating
$29.08
Last Close (24-hour delay)
upturn advisory
PASS
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • 1Y
  • 1M
  • 1W

Upturn Advisory Summary

10/30/2025: 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 $29

1 Year Target Price $29

Analysts Price Target For last 52 week
$29 Target price
52w Low $27.35
Current$29.08
52w High $42.17

Analysis of Past Performance

Type Stock
Historic Profit -24.42%
Avg. Invested days 29
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 1.14B USD
Price to earnings Ratio -
1Y Target Price 29
Price to earnings Ratio -
1Y Target Price 29
Volume (30-day avg) 1
Beta 1.28
52 Weeks Range 27.35 - 42.17
Updated Date 10/30/2025
52 Weeks Range 27.35 - 42.17
Updated Date 10/30/2025
Dividends yield (FY) 1.61%
Basic EPS (TTM) -0.32

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-11-07
When Before Market
Estimate -0.04
Actual -

Profitability

Profit Margin -1.69%
Operating Margin (TTM) -5.25%

Management Effectiveness

Return on Assets (TTM) -2.39%
Return on Equity (TTM) -1.99%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 988521760
Price to Sales(TTM) 1.57
Enterprise Value 988521760
Price to Sales(TTM) 1.57
Enterprise Value to Revenue 1.36
Enterprise Value to EBITDA 240.34
Shares Outstanding 38996974
Shares Floating 24298900
Shares Outstanding 38996974
Shares Floating 24298900
Percent Insiders 3.51
Percent Institutions 97

ai summary icon Upturn AI SWOT

Marcus & Millichap Inc

stock logo

Company Overview

overview logo History and Background

Marcus & Millichap was founded in 1971 by George M. Marcus and William A. Millichap. 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

  • Investment Brokerage Services: Representing buyers and sellers of investment properties across various asset classes, including multifamily, retail, office, industrial, hospitality, and self-storage.
  • Capital Markets Services: Arranging debt and equity financing for commercial real estate transactions through its MMCC (Marcus & Millichap Capital Corporation) subsidiary.
  • Research Services: Providing market research, analysis, and insights to clients through its research division.
  • Other Services: Includes advisory and consulting services for investors.

leadership logo Leadership and Structure

Hessam Nadji serves as the President and CEO. The company operates with a decentralized, regional-based structure with offices across the United States and Canada.

Top Products and Market Share

overview logo Key Offerings

  • Investment Sales: Brokerage services for the sale of commercial real estate assets. Marcus & Millichap is one of the largest players in this market, but exact market share data is difficult to ascertain and fluctuates. Competitors include CBRE, JLL, and Cushman & Wakefield. Revenue is predominantly from commission income.
  • Financing: Debt and equity placement services through Marcus & Millichap Capital Corporation (MMCC). They arrange financing with various lending sources. Competitors include CBRE Capital Markets, JLL Capital Markets, and other regional financing groups. Revenue is derived from fees earned arranging financing.
  • Research and Advisory: Market research reports, advisory and valuation services. Generates revenue from consulting agreements and reports.

Market Dynamics

industry overview logo Industry Overview

The commercial real estate brokerage industry is influenced by factors such as interest rates, economic growth, property values, and investor sentiment. The market is competitive and cyclical.

Positioning

Marcus & Millichap is a leading specialist in the middle market segment of commercial real estate. Its competitive advantages include its extensive sales network, specialization by property type, and strong research capabilities.

Total Addressable Market (TAM)

The TAM for commercial real estate brokerage is several trillion dollars globally. Marcus & Millichap is well-positioned within the US market.

Upturn SWOT Analysis

Strengths

  • Extensive broker network
  • Specialization in middle market commercial real estate
  • Strong research and market intelligence
  • Established brand reputation
  • Large database of investors

Weaknesses

  • Dependence on commission-based revenue
  • Exposure to cyclical real estate market fluctuations
  • Decentralized structure can lead to inconsistencies
  • High broker turnover

Opportunities

  • Expansion into new markets and property types
  • Growth in capital markets services
  • Increased demand for advisory services
  • Technological advancements to enhance efficiency
  • Further development of property management offerings

Threats

  • Economic downturn and rising interest rates
  • Increased competition from larger brokerage firms
  • Disruption from online real estate platforms
  • Changes in regulations affecting real estate transactions
  • Geopolitical and global economic instability

Competitors and Market Share

competitor logo Key Competitors

  • CBRE
  • JLL
  • Cushman & Wakefield (CWK)

Competitive Landscape

Marcus & Millichap's strength lies in its specialization and extensive network within the middle market segment. It faces competition from larger, more diversified firms like CBRE and JLL, as well as regional brokerage companies. These larger firms have the ability to be more diversified and have wider service offerings.

Major Acquisitions

Pinnacle Financial Group

  • Year: 2019
  • Acquisition Price (USD millions): 21.3
  • Strategic Rationale: Enhanced multifamily property expertise in the Pacific Northwest.

Growth Trajectory and Initiatives

Historical Growth: Discuss Marcus & Millichap's growth trends over the past years.

Future Projections: Projections for Marcus & Millichap's future growth would be sourced from analyst estimates.

Recent Initiatives: Highlight recent strategic initiatives undertaken by Marcus & Millichap Inc.

Summary

Marcus & Millichap is a key player in the middle-market commercial real estate brokerage sector due to its specialized focus and extensive network. They are vulnerable to market fluctuations and face stiff competition from larger, diversified firms. MMI is focused on expanding offerings while being mindful of evolving digital landscape to maintain relevance and market share. The company's strength remains its strong relationships and specialized expertise in its target market.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company SEC Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary depending on the source.

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

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

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

Upturn 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.