Douglas Elliman (NYSE:DOUG) Trading Up 1.4% – What’s Next?

Douglas Elliman Inc. (NYSE:DOUG) shares rose 1.4% on Tuesday . The company traded as high as $1.85 and last traded at $1.8250. 294,202 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 473,179 shares. The stock had previously closed at $1.80.

Analyst Upgrades and Downgrades

DOUG has been the subject of several research reports. Weiss Ratings downgraded shares of Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Wall Street Zen downgraded Douglas Elliman from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Douglas Elliman currently has an average rating of “Sell”.

Douglas Elliman Price Performance

The stock’s 50-day moving average price is $1.79 and its 200 day moving average price is $2.04. The firm has a market cap of $155.09 million, a P/E ratio of -24.37 and a beta of 1.86.

Douglas Elliman (NYSE:DOUG) last released its earnings results on Friday, May 8th. The company reported ($0.14) earnings per share for the quarter. Douglas Elliman had a net margin of 0.50% and a negative return on equity of 20.59%. The business had revenue of $214.33 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Saber Capital Managment LLC acquired a new stake in shares of Douglas Elliman in the fourth quarter valued at approximately $2,982,000. Geode Capital Management LLC lifted its holdings in Douglas Elliman by 115.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after purchasing an additional 915,018 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Douglas Elliman by 36.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after buying an additional 662,603 shares during the period. Russell Investments Group Ltd. bought a new stake in Douglas Elliman in the 3rd quarter valued at about $684,000. Finally, Moerus Capital Management LLC boosted its stake in shares of Douglas Elliman by 5.7% in the first quarter. Moerus Capital Management LLC now owns 3,092,490 shares of the company’s stock valued at $5,072,000 after buying an additional 166,500 shares during the period. 59.56% of the stock is owned by institutional investors and hedge funds.

Douglas Elliman Company Profile

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.