Douglas Elliman (NYSE:DOUG) Stock Picked Up by Analysts at Citizens Jmp

Key Points

• Citizens JMP initiated coverage of Douglas Elliman with a “market perform” rating, while the broader analyst consensus remains “Reduce.”
• Douglas Elliman shares opened at $1.50, near their 12-month low of $1.47, with a market capitalization of approximately $136.8 million.
• The company reported a quarterly loss of $0.05 per share on $283.45 million in revenue; institutional investors own about 59.6% of outstanding shares.

Stock analysts at Citizens Jmp began coverage on shares of Douglas Elliman (NYSE:DOUG - Get Free Report) in a note issued to investors on Wednesday, Benzinga reports. The firm set a "market perform" rating on the stock.

Several other equities research analysts have also recently weighed in on DOUG. Weiss Ratings upgraded Douglas Elliman from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 19th. Citigroup assumed coverage on Douglas Elliman in a research report on Wednesday. They set a "market perform" rating on the stock. Finally, Wall Street Zen raised shares of Douglas Elliman from a "sell" rating to a "buy" rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

Douglas Elliman Stock Down 1.0%

Douglas Elliman stock opened at $1.50 on Wednesday. Douglas Elliman has a twelve month low of $1.47 and a twelve month high of $3.03. The firm has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.77. The company has a market capitalization of $136.79 million, a PE ratio of 8.85 and a beta of 1.89.

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

Hedge Funds Weigh In On Douglas Elliman

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kanen Wealth Management LLC bought a new stake in shares of Douglas Elliman during the 1st quarter valued at $25,000. Two Sigma Securities LLC purchased a new position in Douglas Elliman in the 2nd quarter worth approximately $55,000. Bank of America Corp DE purchased a new position in shares of Douglas Elliman in the second quarter worth $76,000. Citizens Financial Group Inc. RI boosted its holdings in shares of Douglas Elliman by 47.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 51,636 shares of the company's stock valued at $85,000 after purchasing an additional 16,729 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in Douglas Elliman during the second quarter valued at approximately $120,000. Hedge funds and other institutional investors own 59.56% of the company's stock.

Douglas Elliman Company Profile

Douglas Elliman Inc NYSE: DOUG is a residential real estate services company that operates primarily through the Douglas Elliman Realty brand. Its core business is representing buyers and sellers in residential property transactions, including homes, condominiums, cooperatives and luxury properties.

The company also provides related real estate services, including new-development marketing, commercial real estate brokerage, relocation services, property management and other support for real estate owners, developers and consumers.

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