Douglas Elliman (NYSE:DOUG) Stock Rating Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Douglas Elliman from “Buy” to “Hold.” MarketBeat’s consensus rating is “Reduce,” based on two Hold ratings and one Sell rating.
• Douglas Elliman’s latest quarter fell short of expectations: it reported a loss of $0.09 per share versus analysts’ expected $0.01 profit, while revenue was $252.09 million against a $276.10 million estimate.
• The stock opened at $1.66 and was down 2.6%; its 12-month trading range is $1.38 to $3.03.

Douglas Elliman (NYSE:DOUG - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts have also commented on DOUG. Citizens Jmp began coverage on Douglas Elliman in a report on Wednesday, October 14th. They issued a "market perform" rating on the stock. Weiss Ratings upgraded Douglas Elliman from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, October 30th. Finally, Citigroup reiterated a "market perform" rating on shares of Douglas Elliman in a report on Thursday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".

Douglas Elliman Trading Down 2.6%

DOUG opened at $1.66 on Friday. The stock has a market capitalization of $150.52 million, a P/E ratio of 3.06 and a beta of 1.87. Douglas Elliman has a 12 month low of $1.38 and a 12 month high of $3.03. The firm's fifty day simple moving average is $1.59 and its 200 day simple moving average is $1.85.

Douglas Elliman (NYSE:DOUG - Get Free Report) last released its earnings results on Monday, November 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.10). The firm had revenue of $252.09 million for the quarter, compared to the consensus estimate of $276.10 million. Douglas Elliman had a negative return on equity of 22.15% and a net margin of 5.73%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kanen Wealth Management LLC acquired a new stake in Douglas Elliman in the 1st quarter valued at $25,000. Two Sigma Securities LLC acquired a new position in shares of Douglas Elliman during the 2nd quarter worth approximately $55,000. Bank of America Corp DE bought a new stake in shares of Douglas Elliman during the 2nd quarter worth approximately $76,000. Citizens Financial Group Inc. RI raised its stake 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 worth $85,000 after purchasing an additional 16,729 shares in the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Douglas Elliman during the 2nd quarter worth approximately $120,000. Institutional investors and hedge funds own 59.56% of the company's stock.

Douglas Elliman Company Profile

Douglas Elliman Inc. is a residential real estate services company whose principal business is operating Douglas Elliman Realty, a brokerage serving buyers, sellers, renters and property owners. Its agents handle residential sales and rentals, including luxury properties, and the company also markets new residential developments. The brokerage traces its roots to 1911 and serves markets across the United States, including New York, Florida, California and other regions. It also connects clients with international markets through referral relationships.

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