Douglas Elliman (NYSE:DOUG) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Douglas Elliman (NYSE:DOUG) from a sell rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Douglas Elliman in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Douglas Elliman Price Performance

Shares of NYSE DOUG opened at $2.02 on Friday. The company has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $1.95. The firm has a market cap of $184.05 million, a PE ratio of 11.91 and a beta of 1.86. Douglas Elliman has a 1 year low of $1.53 and a 1 year high of $3.19.

Douglas Elliman (NYSE:DOUG) last posted its earnings results on Friday, August 7th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $283.45 million for the quarter. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%.

Institutional Investors Weigh In On Douglas Elliman

Several hedge funds and other institutional investors have recently modified their holdings of DOUG. Kanen Wealth Management LLC acquired a new stake in Douglas Elliman in the 1st quarter valued at $25,000. Walleye Capital LLC bought a new position in shares of Douglas Elliman in the second quarter valued at $29,000. SG Americas Securities LLC acquired a new position in shares of Douglas Elliman during the fourth quarter valued at about $34,000. Virtu Financial LLC bought a new stake in shares of Douglas Elliman during the fourth quarter worth about $36,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Douglas Elliman in the 4th quarter worth about $40,000. Institutional investors 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.