Douglas Elliman (NYSE:DOUG) Posts Earnings Results

Douglas Elliman (NYSE:DOUG) announced its quarterly earnings data on Friday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $214.33 million during the quarter. Douglas Elliman had a net margin of 1.47% and a negative return on equity of 14.22%.

Douglas Elliman Trading Up 1.7%

Douglas Elliman stock traded up $0.04 during midday trading on Friday, reaching $2.10. The stock had a trading volume of 806,958 shares, compared to its average volume of 480,528. Douglas Elliman has a 12 month low of $1.53 and a 12 month high of $3.20. The company has a market capitalization of $190.45 million, a P/E ratio of 41.90 and a beta of 1.93. The company has a fifty day moving average price of $1.90 and a two-hundred day moving average price of $2.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Douglas Elliman

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOUG. Walleye Capital LLC bought a new stake in Douglas Elliman in the 2nd quarter valued at about $29,000. Virtu Financial LLC bought a new stake in Douglas Elliman in the 4th quarter valued at about $36,000. EntryPoint Capital LLC bought a new stake in Douglas Elliman in the 4th quarter valued at about $40,000. Alliancebernstein L.P. bought a new stake in Douglas Elliman in the 3rd quarter valued at about $45,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Douglas Elliman in the 2nd quarter valued at about $61,000. 59.56% of the stock is owned by institutional investors.

About Douglas Elliman

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.