Douglas Elliman (NYSE:DOUG) Announces Earnings Results

Douglas Elliman (NYSE:DOUG) announced its earnings results on Friday. The company reported ($0.14) EPS for the quarter, Zacks reports. The firm had revenue of $214.33 million for the quarter. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%.

Douglas Elliman Stock Performance

Shares of NYSE DOUG opened at $2.10 on Friday. Douglas Elliman has a fifty-two week low of $1.53 and a fifty-two week high of $3.20. The firm has a market capitalization of $190.46 million, a PE ratio of -29.93 and a beta of 1.93. The stock’s 50-day simple moving average is $1.90 and its 200-day simple moving average is $2.32.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Douglas Elliman has a consensus rating of “Sell”.

Institutional Investors Weigh In On Douglas Elliman

Hedge funds and other institutional investors have recently made changes to their positions in the business. Walleye Capital LLC acquired a new position in Douglas Elliman during the second quarter worth approximately $29,000. Virtu Financial LLC acquired a new position in Douglas Elliman during the fourth quarter worth approximately $36,000. Alliancebernstein L.P. acquired a new position in Douglas Elliman during the third quarter worth approximately $45,000. EntryPoint Capital LLC acquired a new position in Douglas Elliman during the fourth quarter worth approximately $40,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Douglas Elliman during the second quarter worth approximately $61,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

About Douglas Elliman

Douglas Elliman (NYSE: DOUG) is one of the largest residential real estate brokerages in the United States, offering an array of services that span property sales, leasing and management. Founded in 1911 and headquartered in New York City, the firm has built a reputation for representing high-end residential properties and guiding clients through complex real estate transactions. Over the course of its history, Douglas Elliman has expanded its offerings to include specialized support for developers, investors and individual homeowners.

The company’s core business activities include residential brokerage, new development marketing, and property management.