Douglas Elliman (NYSE:DOUG) Stock Falls 2.9% - Time to Sell?

Key Points

• Douglas Elliman shares fell 2.9% to $1.525 during Monday’s trading, below both the 50-day and 200-day moving averages of roughly $1.78–$1.79.
• Analyst sentiment remains broadly negative: despite one upgrade to “buy,” the company has a consensus rating of “Sell.”
• Douglas Elliman reported a quarterly loss of $0.05 per share on $283.45 million in revenue, with negative return on equity of 19.16%; institutional investors own approximately 59.56% of the stock.

Douglas Elliman Inc. (NYSE:DOUG - Get Free Report) shares were down 2.9% during trading on Monday. The stock traded as low as $1.5050 and last traded at $1.5250. 428,500 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 482,737 shares. The stock had previously closed at $1.57.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Douglas Elliman from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 19th. Wall Street Zen upgraded shares of Douglas Elliman from a "sell" rating to a "buy" rating in a research note on Saturday, August 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Douglas Elliman Stock Performance

The firm's fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.79. The firm has a market cap of $138.61 million, a P/E ratio of 8.97 and a beta of 1.87.

Douglas Elliman (NYSE:DOUG - Get Free Report) last announced its quarterly 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 during the quarter. Douglas Elliman had a negative return on equity of 19.16% and a net margin of 2.47%.

Institutional Trading of Douglas Elliman

Hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC acquired a new position in Douglas Elliman during the 2nd quarter valued at about $55,000. Bank of America Corp DE purchased a new position in shares of Douglas Elliman in the second quarter worth $76,000. Cullen Capital Management LLC purchased a new position in shares of Douglas Elliman in the second quarter worth $547,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Douglas Elliman during the second quarter worth $736,000. Finally, Ieq Capital LLC acquired a new stake in shares of Douglas Elliman during the second quarter worth $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 real estate services company whose principal business is conducted through Douglas Elliman Realty. The company provides residential real estate brokerage services, representing buyers and sellers of homes, condominiums, cooperatives, and other residential properties.

In addition to traditional brokerage, Douglas Elliman offers marketing and sales services for new development projects, as well as relocation, property management, and other real estate-related services.

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