Weiss Ratings Reaffirms Sell (D-) Rating for Douglas Elliman (NYSE:DOUG)

Key Points

• Douglas Elliman's stock has received a "sell (D-)" rating from Weiss Ratings, and a separate analysis downgraded the stock from "hold" to "sell" as well, indicating weak investor confidence.
• The company reported a negative net margin of 5.98% and a negative return on equity of 7.11% during its last earnings report, highlighting ongoing financial challenges.
• Douglas Elliman's shares are currently trading at $2.72, with a market cap of $241.29 million and a 12-month high of $3.20, reflecting volatility in stock performance.

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

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

Douglas Elliman Stock Up 4.2%

Shares of NYSE DOUG opened at $2.72 on Friday. The firm has a market cap of $241.29 million, a PE ratio of -3.68 and a beta of 1.78. Douglas Elliman has a 12-month low of $1.48 and a 12-month high of $3.20. The company's fifty day simple moving average is $2.73 and its 200 day simple moving average is $2.44. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.35.

Douglas Elliman (NYSE:DOUG - Get Free Report) last issued its earnings results on Tuesday, May 31st. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $272.78 million for the quarter. Douglas Elliman had a negative net margin of 5.98% and a negative return on equity of 7.11%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Walleye Capital LLC bought a new position in shares of Douglas Elliman in the second quarter valued at $29,000. ProShare Advisors LLC bought a new position in shares of Douglas Elliman in the second quarter valued at $35,000. Collective Family Office LLC bought a new position in shares of Douglas Elliman in the third quarter valued at $46,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Douglas Elliman in the second quarter valued at $39,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Douglas Elliman in the second quarter valued at $61,000. 59.56% of the stock is owned by institutional investors.

About Douglas Elliman

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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