Douglas Elliman (NYSE:DOUG) Stock Rating Upgraded by Zacks Investment Research

Douglas Elliman (NYSE:DOUG – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday, Zacks.com reports.

Separately, Jefferies Financial Group assumed coverage on Douglas Elliman in a research note on Thursday, February 24th. They issued a “buy” rating and a $8.50 price target on the stock.

Shares of DOUG traded up 0.03 during midday trading on Tuesday, hitting 5.75. The stock had a trading volume of 817,255 shares, compared to its average volume of 537,065. The firm has a 50 day moving average of 6.35. Douglas Elliman has a twelve month low of 5.02 and a twelve month high of 12.66.

Douglas Elliman (NYSE:DOUG – Get Rating) last released its quarterly earnings results on Tuesday, March 1st. The company reported 0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of 0.10 by 0.14. The firm had revenue of 334.23 million during the quarter, compared to analyst estimates of 333.27 million. Research analysts expect that Douglas Elliman will post 0.59 EPS for the current year.

In other Douglas Elliman news, CFO J Bryant Kirkland III purchased 10,000 shares of Douglas Elliman stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average price of 6.87 per share, for a total transaction of 68,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Lampen purchased 5,000 shares of Douglas Elliman stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average price of 5.64 per share, with a total value of 28,200.00. Following the acquisition, the insider now directly owns 1,006,423 shares of the company’s stock, valued at approximately 5,676,225.72. The disclosure for this purchase can be found here. Insiders bought a total of 105,242 shares of company stock valued at $709,000 in the last 90 days. 7.71% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DOUG. Diversified Trust Co acquired a new position in Douglas Elliman in the 4th quarter valued at $169,000. Louisiana State Employees Retirement System acquired a new position in Douglas Elliman in the 4th quarter valued at $364,000. CX Institutional acquired a new position in Douglas Elliman in the 4th quarter valued at $123,000. Crescent Capital Consulting LLC acquired a new position in Douglas Elliman in the 4th quarter valued at $42,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Douglas Elliman during the 4th quarter valued at $156,000. Institutional investors and hedge funds own 66.45% of the company’s stock.

Douglas Elliman Company Profile (Get Rating)

Douglas Elliman Inc engages in the real estate services and property technology investment business in the United States. It operates in two segments, Real Estate Brokerage, and Corporate and Other. The company conducts residential real estate brokerage operations. It has approximately 100 offices with approximately 6,500 real estate agents in the New York metropolitan areas, as well as in Florida, California, Connecticut, Massachusetts, Colorado, New Jersey, and Texas.

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