Douglas Elliman (NYSE:DOUG) Stock Rating Upgraded by Wall Street Zen

Douglas Elliman (NYSE:DOUG) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Douglas Elliman in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Douglas Elliman has a consensus rating of “Sell”.

Douglas Elliman Stock Performance

Shares of DOUG stock opened at $2.02 on Friday. The firm has a market cap of $184.05 million, a price-to-earnings ratio of 11.91 and a beta of 1.86. The firm’s 50-day simple moving average is $1.81 and its two-hundred day simple moving average is $1.95. Douglas Elliman has a 52 week low of $1.53 and a 52 week high of $3.19.

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

Institutional Trading of Douglas Elliman

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC bought a new position in Douglas Elliman in the 2nd quarter worth about $29,000. SG Americas Securities LLC bought a new stake in shares of Douglas Elliman during the fourth quarter valued at about $34,000. Virtu Financial LLC purchased a new stake in shares of Douglas Elliman in the fourth quarter worth about $36,000. Kanen Wealth Management LLC purchased a new stake in shares of Douglas Elliman in the first quarter worth about $25,000. Finally, Alliancebernstein L.P. bought a new position in shares of Douglas Elliman in the third quarter valued at approximately $45,000. 59.56% of the stock is currently owned by institutional investors.

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.