Douglas Elliman (NYSE:DOUG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Douglas Elliman (NYSE:DOUG) from a sell rating to a buy rating in a research note issued to investors on Saturday morning.

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

Douglas Elliman Stock Down 3.9%

Shares of DOUG stock opened at $1.95 on Friday. The stock has a market capitalization of $177.24 million, a PE ratio of 11.47 and a beta of 1.86. Douglas Elliman has a 52-week low of $1.53 and a 52-week high of $3.19. The stock’s 50-day moving average price is $1.81 and its 200 day moving average price is $1.94.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Saber Capital Managment LLC purchased a new stake in shares of Douglas Elliman during the 4th quarter worth $2,982,000. Bank of New York Mellon Corp purchased a new position in shares of Douglas Elliman in the 2nd quarter valued at about $320,000. Bank of America Corp DE lifted its stake in shares of Douglas Elliman by 21.8% in the first quarter. Bank of America Corp DE now owns 60,935 shares of the company’s stock valued at $100,000 after purchasing an additional 10,906 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Douglas Elliman in the second quarter valued at about $736,000. Finally, Ieq Capital LLC purchased a new stake in Douglas Elliman during the second quarter worth about $120,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

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.