Douglas Elliman (NYSE:DOUG) Stock Picked Up by Analysts at Citizens Jmp

Analysts at Citizens Jmp assumed coverage on shares of Douglas Elliman (NYSE:DOUG) in a note issued to investors on Wednesday, Benzinga reports. The brokerage set a “market perform” rating on the stock.

Other analysts have also issued reports about the stock. Citigroup started coverage on shares of Douglas Elliman in a research note on Wednesday. They set a “market perform” rating for the company. Weiss Ratings raised shares of Douglas Elliman from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Douglas Elliman from a “sell” rating to a “buy” rating in a 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Douglas Elliman Price Performance

Shares of NYSE:DOUG opened at $1.50 on Wednesday. The firm has a market capitalization of $136.79 million, a PE ratio of 8.85 and a beta of 1.89. The business has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $1.77. Douglas Elliman has a 1 year low of $1.47 and a 1 year high of $3.03.

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

Institutional Investors Weigh In On Douglas Elliman

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in shares of Douglas Elliman during the second quarter valued at $55,000. Bank of America Corp DE purchased a new stake in Douglas Elliman in the second quarter worth about $76,000. Cullen Capital Management LLC purchased a new stake in Douglas Elliman in the second quarter worth about $547,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Douglas Elliman during the 2nd quarter worth about $736,000. Finally, Ieq Capital LLC bought a new position in Douglas Elliman during the 2nd quarter worth about $120,000. 59.56% of the stock is owned by institutional investors.

About Douglas Elliman

Douglas Elliman Inc (NYSE: DOUG) is a residential real estate services company that operates primarily through the Douglas Elliman Realty brand. Its core business is representing buyers and sellers in residential property transactions, including homes, condominiums, cooperatives and luxury properties.

The company also provides related real estate services, including new-development marketing, commercial real estate brokerage, relocation services, property management and other support for real estate owners, developers and consumers.