Douglas Elliman (NYSE:DOUG) Trading Down 3.1% – Time to Sell?

Douglas Elliman Inc. (NYSE:DOUG) fell 3.1% during trading on Monday . The stock traded as low as $1.70 and last traded at $1.7150. 454,587 shares were traded during trading, an increase of 4% from the average session volume of 436,213 shares. The stock had previously closed at $1.77.

Analysts Set New Price Targets

Several brokerages have recently commented on DOUG. Weiss Ratings downgraded Douglas Elliman from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 8th. Wall Street Zen downgraded Douglas Elliman from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Douglas Elliman Trading Up 1.5%

The firm has a fifty day moving average price of $1.79 and a 200 day moving average price of $2.20.

Douglas Elliman (NYSE:DOUG) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $214.33 million for the quarter. Douglas Elliman had a net margin of 0.50% and a negative return on equity of 20.59%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DOUG. Saber Capital Managment LLC acquired a new position in Douglas Elliman during the fourth quarter valued at $2,982,000. Geode Capital Management LLC increased its position in Douglas Elliman by 115.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after purchasing an additional 915,018 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Douglas Elliman by 36.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock worth $7,077,000 after purchasing an additional 662,603 shares during the last quarter. Portolan Capital Management LLC increased its position in Douglas Elliman by 28.5% in the 3rd quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock worth $6,732,000 after purchasing an additional 521,959 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Douglas Elliman in the 3rd quarter worth about $684,000. 59.56% of the stock is owned by institutional investors and hedge funds.

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.