384,668 Douglas Elliman Inc. $DOUG Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its position in shares of Douglas Elliman Inc. (NYSE:DOUG) by 260.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 532,487 shares of the company’s stock after purchasing an additional 384,668 shares during the quarter. Vise Technologies Inc.’s holdings in Douglas Elliman were worth $809,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Kanen Wealth Management LLC purchased a new stake in Douglas Elliman in the 1st quarter worth approximately $25,000. Two Sigma Securities LLC acquired a new stake in Douglas Elliman in the 2nd quarter worth about $55,000. Bank of America Corp DE purchased a new stake in Douglas Elliman in the 2nd quarter valued at about $76,000. Citizens Financial Group Inc. RI increased its stake in shares of Douglas Elliman by 47.9% during the 1st quarter. Citizens Financial Group Inc. RI now owns 51,636 shares of the company’s stock valued at $85,000 after acquiring an additional 16,729 shares during the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Douglas Elliman during the 2nd quarter worth about $120,000. Institutional investors and hedge funds own 59.56% of the company’s stock.

Douglas Elliman Stock Performance

Shares of DOUG opened at $1.60 on Tuesday. Douglas Elliman Inc. has a one year low of $1.38 and a one year high of $3.03. The stock has a 50-day moving average price of $1.60 and a 200 day moving average price of $1.87. The company has a market capitalization of $145.88 million, a P/E ratio of 9.44 and a beta of 1.87.

Douglas Elliman (NYSE:DOUG) last released its earnings results on Monday, November 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.10). Douglas Elliman had a net margin of 2.47% and a negative return on equity of 19.16%. The business had revenue of $252.09 million for the quarter, compared to analysts’ expectations of $276.10 million.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DOUG. Weiss Ratings raised shares of Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, October 30th. Citigroup began coverage on Douglas Elliman in a research note on Wednesday, October 14th. They set a “market perform” rating for the company. Citizens Jmp initiated coverage on Douglas Elliman in a research note on Wednesday, October 14th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “buy” rating in a research report on Saturday, August 15th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

About Douglas Elliman

Douglas Elliman Inc (NYSE: DOUG) is a real estate services company and the parent of Douglas Elliman Realty, one of the largest residential real estate brokerage firms in the United States. The company provides brokerage services for buyers and sellers of residential properties, including luxury homes, condominiums, cooperatives and rental properties.

In addition to residential brokerage, Douglas Elliman offers new-development marketing and sales, commercial real estate services, property management, relocation assistance and related advisory services.