MMI
Marcus MillichapBNYSE / Real Estate Management & Development
Last Price
At close
2026-06-02
Current thesis
The post-earnings bull case is that Q1 showed broad-based recovery evidence: higher brokerage sales volume, a 60.1% increase in financing volume, positive adjusted EBITDA, and management commentary that narrower bid/ask spreads and a more liquid lending market are supporting activity.
Posture
Constructive
Lead driver
Momentum
What changed
Momentum remains the lead driver in the composite, 7D delta -13.2.
What can break
Average brokerage commission rate fell 11 basis points year over year and financing fee rate fell four basis points, so mix and pricing can dilute the benefit from higher volume.
Momentum
69
Value
64
Sentiment
43
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $29.00 · Bull $34.00 · Bear $24.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-09 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $28.00
Why
Momentum69 · Δ7d -13.2
Value64 · Δ7d +0.4
Sentiment43 · Δ7d +2.9
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
69
34% active weight
Current posture
7d trendSoftening
Δ7d
-13.2
Δ21d
+2.8
Value
64
32% active weight
Current posture
7d trendFlat
Δ7d
+0.4
Δ21d
-
Sentiment
43
33% active weight
Current posture
7d trendImproving
Δ7d
+2.9
Δ21d
+12.1
Why this grade
Composite grade B. Momentum 69.1 / Value 64.5 / Sentiment 43.2
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$1.09B
Beta
1.33
Shares Out
38.92M
P/E (TTM) · Derived
-572.9
P/S (TTM)
1.44
P/FCF (TTM)
21.78
Rev YoY
+15.1%
EPS YoY
+104.4%
Gross Margin
+37.7%
Op Margin
-3.0%
Net Debt
-$338.76M
Current Ratio
2.74
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology

