Douglas Elliman's (DOUG) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Douglas Elliman's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, indicating continued negative outlook for the company.
• The company reported a loss of ($0.06) EPS in its last quarterly results, missing analysts' expectations significantly with a revenue of $271.37 million compared to estimates of $333.91 million.
• Recent trading shows the stock price has remained flat at $2.84, with a market capitalization of approximately $251.94 million.

Douglas Elliman (NYSE:DOUG - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Douglas Elliman from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Douglas Elliman Price Performance

Shares of DOUG remained flat at $2.84 during trading hours on Wednesday. The stock had a trading volume of 394,561 shares, compared to its average volume of 553,935. The company has a market cap of $251.94 million, a price-to-earnings ratio of -3.84 and a beta of 1.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.61 and a quick ratio of 3.61. Douglas Elliman has a 52 week low of $1.35 and a 52 week high of $3.20. The stock has a fifty day simple moving average of $2.67 and a two-hundred day simple moving average of $2.37.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.09). The business had revenue of $271.37 million for the quarter, compared to analyst estimates of $333.91 million. Douglas Elliman had a negative net margin of 5.98% and a negative return on equity of 7.11%.

Institutional Trading of Douglas Elliman

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Collective Family Office LLC acquired a new stake in Douglas Elliman during the 3rd quarter worth about $46,000. Gate City Capital Management LLC acquired a new stake in Douglas Elliman during the 2nd quarter worth about $866,000. Bank of America Corp DE raised its holdings in Douglas Elliman by 1,224.2% during the 2nd quarter. Bank of America Corp DE now owns 37,289 shares of the company's stock worth $87,000 after buying an additional 34,473 shares during the period. Raymond James Financial Inc. raised its holdings in Douglas Elliman by 49.5% during the 2nd quarter. Raymond James Financial Inc. now owns 32,217 shares of the company's stock worth $75,000 after buying an additional 10,660 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Douglas Elliman during the 2nd quarter worth about $93,000. Institutional investors and hedge funds own 59.56% of the company's stock.

Douglas Elliman Company Profile

Douglas Elliman Inc owns Douglas Elliman Realty, LLC, operating as a residential brokerage company in the United States with operations in New York, Florida, California, Texas, Colorado, Nevada, Massachusetts, Connecticut, Maryland, Virginia and Washington, DC In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets.

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