Douglas Elliman (NYSE:DOUG) Stock Falls 2.9% – Should You Sell?

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings raised Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Douglas Elliman from a “sell” rating to a “buy” rating in a research report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Douglas Elliman currently has an average rating of “Sell”.

Douglas Elliman Stock Down 1.6%

The stock has a market capitalization of $135.88 million, a price-to-earnings ratio of 8.79 and a beta of 1.87. The business’s 50-day moving average is $1.78 and its two-hundred day moving average is $1.79.

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

Hedge Funds Weigh In On Douglas Elliman

A number of institutional investors have recently added to or reduced their stakes in DOUG. Two Sigma Securities LLC acquired a new position in Douglas Elliman during the second quarter worth $55,000. Bank of America Corp DE purchased a new position in shares of Douglas Elliman during the 2nd quarter worth $76,000. Cullen Capital Management LLC purchased a new position in shares of Douglas Elliman during the 2nd quarter worth $547,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Douglas Elliman during the 2nd quarter valued at about $736,000. Finally, Ieq Capital LLC acquired a new position in shares of Douglas Elliman during the 2nd quarter valued at about $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.