Douglas Elliman (NYSE:DOUG) Upgraded by Zacks Investment Research to “Hold”

Douglas Elliman (NYSE:DOUGGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

Separately, Jefferies Financial Group initiated coverage on Douglas Elliman in a report on Thursday, February 24th. They issued a “buy” rating and a $8.50 target price for the company.

NYSE:DOUG traded up 0.02 during trading hours on Monday, hitting 5.75. The company had a trading volume of 282,200 shares, compared to its average volume of 527,999. The business’s 50-day moving average price is 6.23. Douglas Elliman has a 1 year low of 5.02 and a 1 year high of 12.66.

Douglas Elliman (NYSE:DOUGGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported 0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of 0.09 by -0.01. The business had revenue of 308.90 million during the quarter, compared to the consensus estimate of 302.89 million. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. Analysts predict that Douglas Elliman will post 0.59 EPS for the current year.

In other Douglas Elliman news, insider Richard Lampen purchased 5,000 shares of the stock in a transaction dated Tuesday, May 17th. The stock was acquired at an average cost of 5.64 per share, for a total transaction of 28,200.00. Following the acquisition, the insider now owns 1,006,423 shares in the company, valued at approximately 5,676,225.72. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 30,242 shares of company stock valued at $198,250. Company insiders own 7.71% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new position in Douglas Elliman during the 4th quarter worth about $25,000. Lazard Asset Management LLC acquired a new position in Douglas Elliman during the 4th quarter worth about $33,000. Crescent Capital Consulting LLC acquired a new position in Douglas Elliman during the 4th quarter worth about $42,000. Islay Capital Management LLC acquired a new position in Douglas Elliman during the 4th quarter worth about $51,000. Finally, Advisor Group Holdings Inc. acquired a new position in Douglas Elliman during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 66.45% of the company’s stock.

About Douglas Elliman (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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