MMI
Marcus MillichapBNYSE / Real Estate Management & Development
Last Price
At close
2026-07-22
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
Value
What changed
Value remains the lead driver in the composite.
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
63
Value
64
Sentiment
41
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $29.00 · Bull $34.00 · Bear $24.00
Data freshness
Prices
As of 2026-07-22
Fundamentals
As of 2026-07-22 • Vendor: Data Vendor v1
Scores
As of 2026-07-22 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-09 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-22
Investment thesis
As of 2026-07-22
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $28.00
Why
Momentum63 · Δ7d -18.1
Value64 · Δ7d -
Sentiment41 · Δ7d -2.3
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Value · See fundamentals
Momentum
63
26% active weight
Current posture
7d trendSoftening
Δ7d
-18.1
Δ21d
-21.9
Value
64
39% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Sentiment
41
34% active weight
Current posture
7d trendSoftening
Δ7d
-2.3
Δ21d
+0.6
Why this grade
Composite grade B. Momentum 62.7 / Value 64.5 / Sentiment 40.8
Fundamentals (TTM)As of 2026-07-22
Fundamentals (TTM)
As of 2026-07-22
Market Cap
$1.14B
Beta
1.33
Shares Out
37.82M
P/E (TTM) · Derived
-616.5
P/S (TTM)
1.44
P/FCF (TTM)
21.78
Rev YoY
+18.2%
EPS YoY
-28.5%
Gross Margin
+36.4%
Op Margin
-3.0%
Net Debt
-$179.86M
Current Ratio
2.65
As of 2026-07-22 • Updated nightlySource: Internal modelMethodology

