Douglas Elliman (NYSE:DOUG) Trading 2.7% Higher – Should You Buy?

Douglas Elliman Inc. (NYSE:DOUG) shares rose 2.7% during mid-day trading on Monday . The company traded as high as $2.71 and last traded at $2.70. Approximately 493,208 shares were traded during mid-day trading, a decline of 2% from the average daily volume of 503,162 shares. The stock had previously closed at $2.63.

Wall Street Analysts Forecast Growth

DOUG has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Douglas Elliman from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Douglas Elliman in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Douglas Elliman presently has a consensus rating of “Sell”.

Douglas Elliman Stock Up 2.7%

The business’s fifty day moving average price is $2.55 and its 200 day moving average price is $2.61. The firm has a market capitalization of $239.81 million, a price-to-earnings ratio of -3.86 and a beta of 1.76. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.55.

Institutional Investors Weigh In On Douglas Elliman

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC increased its position in Douglas Elliman by 115.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,707,823 shares of the company’s stock worth $3,963,000 after purchasing an additional 915,018 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Douglas Elliman by 36.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,474,443 shares of the company’s stock valued at $7,077,000 after buying an additional 662,603 shares in the last quarter. Azora Capital LP acquired a new position in Douglas Elliman during the second quarter worth $1,418,000. Portolan Capital Management LLC raised its position in Douglas Elliman by 28.5% in the third quarter. Portolan Capital Management LLC now owns 2,353,950 shares of the company’s stock worth $6,732,000 after acquiring an additional 521,959 shares in the last quarter. Finally, Gate City Capital Management LLC purchased a new position in Douglas Elliman in the second quarter worth $866,000. 59.56% of the stock is owned by hedge funds and other institutional investors.

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.