Douglas Elliman (NYSE:DOUG) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Douglas Elliman from “sell” to “buy,” although Weiss Ratings maintained a “sell (D)” rating and MarketBeat lists the stock’s average rating as “Sell.”
• Douglas Elliman shares opened at $2.02, with a market capitalization of approximately $184.1 million; the stock has traded between $1.53 and $3.19 over the past year.
• The company reported a quarterly loss of $0.05 per share on revenue of $283.45 million, while institutional investors own roughly 59.56% of its outstanding shares.

Douglas Elliman (NYSE:DOUG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Douglas Elliman in a research note on Wednesday, August 5th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Douglas Elliman Trading Up 0.7%

Shares of NYSE:DOUG opened at $2.02 on Friday. The company has a 50 day moving average of $1.81 and a 200-day moving average of $1.95. The firm has a market cap of $184.05 million, a P/E ratio of 11.91 and a beta of 1.86. Douglas Elliman has a twelve month low of $1.53 and a twelve month high of $3.19.

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

Hedge Funds Weigh In On Douglas Elliman

Several large investors have recently made changes to their positions in the business. Cullen Capital Management LLC bought a new stake in shares of Douglas Elliman in the 2nd quarter worth approximately $547,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Douglas Elliman during the second quarter worth approximately $736,000. Ieq Capital LLC bought a new stake in Douglas Elliman during the second quarter worth approximately $120,000. Vise Technologies Inc. acquired a new position in Douglas Elliman in the second quarter worth approximately $262,000. Finally, XY Capital Ltd acquired a new position in Douglas Elliman in the second quarter worth approximately $267,000. 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.

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