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

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DOUG shares. Weiss Ratings cut Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 8th. Wall Street Zen downgraded Douglas Elliman from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Douglas Elliman has a consensus rating of “Sell”.

Douglas Elliman Trading Up 1.4%

The company’s 50-day moving average is $1.79 and its 200 day moving average is $2.04. The firm has a market cap of $165.91 million, a PE ratio of -26.07 and a beta of 1.86.

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

Institutional Trading of Douglas Elliman

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

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.