Douglas Elliman (NYSE:DOUG) Stock Price Down 3.1% – What’s Next?

Douglas Elliman Inc. (NYSE:DOUG) was down 3.1% during mid-day trading on Monday . The company traded as low as $1.70 and last traded at $1.7150. Approximately 454,587 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 436,213 shares. The stock had previously closed at $1.77.

Analyst Ratings Changes

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

Douglas Elliman Trading Down 3.1%

The stock has a market cap of $155.91 million, a P/E ratio of -24.50 and a beta of 1.87. The company’s fifty day simple moving average is $1.79 and its 200-day simple moving average is $2.20.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC acquired a new position in Douglas Elliman during the 1st quarter valued at about $25,000. Walleye Capital LLC acquired a new position in Douglas Elliman during the 2nd quarter valued at about $29,000. SG Americas Securities LLC acquired a new position in Douglas Elliman during the 4th quarter valued at about $34,000. Virtu Financial LLC acquired a new position in Douglas Elliman during the 4th quarter valued at about $36,000. Finally, EntryPoint Capital LLC acquired a new position in Douglas Elliman during the 4th quarter valued at about $40,000. 59.56% of the stock is currently owned by institutional investors and hedge funds.

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.