NYSE: MMI

Marcus & Millichap (MMI) Stock Analysis & Forecast

Oct 12 close

$28.02−0.22 (−0.8%)

Gekko Brief

AI summaryOct 12 close

This week's news flow centers on continued brokerage activity, including the sale of Applewood Manor Apartment Homes in Yucaipa, California for $7.25 million, a $10 million retail portfolio sale in Douglassville, Pennsylvania, and an $8.5 million multifamily sale in Anaheim, California. Separately, Argus lowered its rating on MMI to SELL as of September 30, 2026, and Brown & Brown expanded its preferred-partner insurance relationship with Marcus & Millichap into Canada. Coverage also notes the company heading into its Q3 2026 earnings report, with prior commentary pointing to a 17.8% increase in Q2 2026 revenue and a shift to net income of $3.9 million.

MMI closed at $28.02, down 0.8%, with the stock sitting between its 50-day average of $30.74 and 200-day average of $28.70. The GekkoIndex reads 67.1, placing the stock in the Accumulation zone. Price sits 11.9% above Gekko Fair Value of $25.04.

Over the next 20 trading days, the next earnings date falls on 30 October 2026, 18 days away, placing the report inside this window. No insider, Congress or unusual options activity appears in the recent windows. Seasonally, this calendar stretch has averaged a 9.1% move over 5 years, rising in 5 of those years. The consensus analyst target stands at $28, with Argus's recent downgrade to SELL also worth noting ahead of the report.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Marcus & Millichap price vs fair value

$28.02$25.04Oct ’25Apr ’26Oct ’26
Close $28.02200-day averageGekko Fair Value $25.04

Marcus & Millichap quick facts

Market cap
$1.06B
P/E ratio
77.7
Forward P/E
—
EPS, TTM
$0.37
Revenue, TTM
$812.2M
Profit margin
1.8%
Dividend yield
1.77%
Beta
1.30
Volume
144,976 avg 186,071
1-year return
−0.2%
Typical daily move
±2.7%
Typical 20-day move
±6%
50-day average
$30.74
200-day average
$28.70
Next earnings
Oct 30
Shares outstanding
37.87M
52-week range
$24.43$33.55

Marcus & Millichap swing-trade checklist

Marcus & Millichap scores 2 supportive, 1 mixed and 2 headwinds across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive1 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $28.02 sits between the 50-day ($30.74) and 200-day ($28.70) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    67.1, Accumulation

    Reading 67.1 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valueheadwind

    11.9% above

    Price is 11.9% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 18 days

    Reports on Oct 30, 2026, 18 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +9.1% on average

    From this point in the calendar, the next 20 trading days averaged +9.1% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Marcus & Millichap stock chart and price history

Marcus & Millichap closed at $28.02 on Oct 12, 2026, −0.2% over the past year, inside a 52-week range of $24.43 to $33.55.

Close50-day average200-day averageVolume
Marcus & Millichap share price, past year, with 50-day and 200-day moving averages and volume$26$30$32NovDecJan 2026FebMarAprMayJunJulAugSepOct28.02

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.4%
3 months
−6.2%
6 months
+4.5%
1 year
−0.2%
The full MMI chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open MMI in Gekko

Follow Marcus & Millichap through every session

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Marcus & Millichap GekkoIndex: the smart money zone

Marcus & Millichap’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 67.1, in the Accumulation zone, down 0.4 points over five sessions.

010067.1Accumulation

Down 0.4 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying36+1.7%+3.1%+1.7%+0.8%
Accumulation (current zone)254−0.4%−0.5%+0.8%+0.9%
Neutral364−0.1%−0.4%−1.4%−1.7%
Distribution25−0.5%−1.2%−1.2%−4.1%
Selling3Too few readings yet

Average MMI share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the MMI price, zone by zone.Track MMI in Gekko

Is Marcus & Millichap stock overvalued? Gekko Fair Value

Marcus & Millichap trades 11.9% above Gekko Fair Value of $25.04, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Marcus & Millichap shares are worth, recalculated every trading day.

$25.04

Gekko Fair Value, Oct 10, 2026

11.9% Overvalued

At the end of Aug 2026 the price was 58.2% above the estimate.

Gekko Fair ValueShare price, month end
$25$28Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open MMI in Gekko

Marcus & Millichap insider and Congress trading

No open-market insider purchases were filed for Marcus & Millichap, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for MMI in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every MMI insider filing, plotted on the chart in Gekko.Open MMI in Gekko

Congress trades last 90 days

No trades in MMI were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for MMI, plotted on the chart in Gekko.Open MMI in Gekko

Buybacks

Marcus & Millichap has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$24.95M
As a share of market cap
2.35%
Trailing four quarters
$67.86M

From company filings.

Marcus & Millichap earnings: next date and track record

Marcus & Millichap reports on Oct 30, 2026 (18 days away), and beat the EPS estimate in 6 of its last 8 reports.

6 of 8reports beat the EPS estimate
±3.1%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+2.0%May ’24−0.5%Aug ’24+4.3%Nov ’24+3.8%Feb ’25+2.3%May ’25−9.8%Aug ’25+2.1%Nov ’250.0%Feb ’26

Last earnings call, Feb 13, 2026 AI summary

What they said
MMI reported 2025 revenue growth of 8.5% with adjusted EBITDA improving to $25 million from $9 million in 2024. Q4 2025 beat a tough prior-year comp by 2% despite lacking interest rate tailwinds. The company completed nearly 9,000 transactions totaling over $50 billion in volume. Private client and middle market segments each grew 12%, and MMI achieved its strongest sales force growth in 7 years with nearly 100 net agent additions.
Guidance
Management expressed optimism for 2026, citing improved capital markets, compressed lender spreads of 75-100 basis points, expanded loan-to-value ratios, and a strong agent candidate pipeline. Private client and middle market segments are expected to accelerate as bid-ask spreads narrow.
ReportedEPSSurpriseRevenueSurpriseMove
Feb 13, 2026$0.34
est $0.22
+58.1%$244.0M
est $229.5M
+6.3%0.0%
Nov 7, 2025$0.09
est $0.24
−62.5%$193.9M
est $239.7M
−19.1%+2.1%
Aug 7, 2025−$0.28
est −$0.02
−1,300.0%$172.3M
est $186.2M
−7.5%−9.8%
May 7, 2025−$0.11
est −$0.16
+31.3%$145.0M
est $172.6M
−16.0%+2.3%
Feb 14, 2025$0.22
est −$0.06
+466.7%$240.1M
est $199.8M
+20.2%+3.8%
Nov 8, 2024−$0.14
est −$0.19
+26.3%$168.5M
est $187.8M
−10.3%+4.3%
Aug 7, 2024−$0.14
est −$0.15
+6.7%$158.4M
est $160.7M
−1.5%−0.5%
May 8, 2024−$0.26
est −$0.28
+7.1%$129.1M
est $127.5M
+1.3%+2.0%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Marcus & Millichap stock forecast and analyst price targets

Analysts’ average 12-month price target for Marcus & Millichap is $28.00, −0.1% from the last close.

$28.00consensus 12-month target, −0.1% from the last close
+0.8%average 20-day move after past Accumulation readings
+9.1%average move over the next 20 trading days in the last 5 years
±2.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Marcus & Millichap seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Marcus & Millichap averaged +9.1% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+13.4%2021+5.1%2022+8.0%2023+13.1%2024+6.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+4.0%4 of 5
Next 10 trading days+5.0%4 of 5
Next 15 trading days+5.3%4 of 5
Next 20 trading days+9.1%5 of 5
Next 30 trading days+9.6%5 of 5

For scale, MMI’s typical 20-trading-day move in either direction is about 6%.

Marcus & Millichap market cap and key statistics

Marcus & Millichap’s market cap is $1.06B, with a P/E ratio of 77.7 and revenue of $812.2M over the last twelve months.

Valuation

Market cap
$1.06B
P/E ratio
77.7
EPS, TTM
$0.37
Gekko Fair Value
$25.04

Trading

Volume
144,976
Avg volume, 20 days
186,071
52-week high
$33.55
52-week low
$24.43
Shares outstanding
37.87M

Financials

Revenue, TTM
$812.2M
Profit margin
1.8%
Return on equity
2.4%
Quarterly earnings growth, YoY
+56.9%

Risk and income

Beta
1.30
Typical daily move
±2.7%
Typical 20-day move
±6%
Dividend yield
1.77%

Marcus & Millichap stock news this week

Coverage of Marcus & Millichap this week reads positive: 11 positive, 6 neutral and 0 negative headlines.

News sentiment positive

Marcus & Millichap peers

Marcus & Millichap’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
CBRECBRE−0.2%Accumulation0.4% below
JLLJones Lang LaSalle−0.6%Accumulation22.8% below
FSVFirstService−0.3%Accumulation5.2% below
HHHHoward Hughes−0.5%Neutral13.5% above
MTHMeritage Homes−0.6%Buying33.3% below
JOESt. Joe+1.7%Neutral20.9% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Marcus & Millichap stock FAQ

What is Marcus & Millichap’s market cap?

Marcus & Millichap’s market cap is $1.06B at the Oct 12, 2026 close of $28.02, with 37.87M shares outstanding. The shares trade on a P/E ratio of 77.7.

What is the Marcus & Millichap stock forecast?

The consensus analyst 12-month price target for Marcus & Millichap is $28.00, −0.1% from the last close. Gekko doesn’t publish price predictions of its own.

Is Marcus & Millichap stock overvalued or undervalued?

On Gekko’s estimate Marcus & Millichap is overvalued: the Oct 12, 2026 close of $28.02 is 11.9% above Gekko Fair Value of $25.04. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Marcus & Millichap report earnings next?

Marcus & Millichap is expected to report on Oct 30, 2026 (18 days away). Analysts expect earnings of $0.11 per share on revenue of $205.1M. Marcus & Millichap beat the earnings estimate in 6 of its last 8 reports, moving 3.1% on average across the report.

What is Marcus & Millichap’s 52-week high and low?

Marcus & Millichap’s 52-week high is $33.55 and its 52-week low is $24.43; it closed at $28.02 on Oct 12, 2026, −0.2% over the past year. Over the last five years the shares peaked at $58.33 on Apr 5, 2022.

Is Marcus & Millichap stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and seasonality), 1 as mixed (trend) and 2 as headwinds (fair value and earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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