Douglas Elliman (NYSE:DOUG) Stock Price Up 3%

Douglas Elliman Inc. (NYSE:DOUG) rose 3% during mid-day trading on Tuesday . The stock traded as high as $1.37 and last traded at $1.36. Approximately 592,152 shares changed hands during trading, a decline of 32% from the average daily volume of 865,842 shares. The stock had previously closed at $1.32.

Douglas Elliman Stock Up 3.0 %

The firm’s 50-day moving average is $1.59 and its 200-day moving average is $1.97. The company has a market cap of $124.49 million, a PE ratio of -2.62 and a beta of 1.41.

Douglas Elliman (NYSE:DOUG) last announced its quarterly earnings results on Friday, March 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Douglas Elliman had a negative net margin of 4.45% and a negative return on equity of 16.63%. The company had revenue of $214.14 million for the quarter, compared to analysts’ expectations of $254.52 million. During the same quarter in the prior year, the firm earned ($0.23) EPS. As a group, equities research analysts anticipate that Douglas Elliman Inc. will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Douglas Elliman

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in Douglas Elliman in the third quarter worth about $30,000. Truist Financial Corp purchased a new stake in Douglas Elliman in the fourth quarter worth about $42,000. Tower Research Capital LLC TRC grew its holdings in Douglas Elliman by 280.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,627 shares of the company’s stock worth $46,000 after purchasing an additional 11,515 shares during the period. Venture Visionary Partners LLC purchased a new stake in Douglas Elliman in the fourth quarter worth about $50,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Douglas Elliman in the third quarter worth about $41,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

About Douglas Elliman

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.