Douglas Elliman Inc. $DOUG Stock Position Increased by Vise Technologies Inc.

Vise Technologies Inc. increased its position in shares of Douglas Elliman Inc. (NYSE:DOUG) by 260.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 532,487 shares of the company’s stock after buying an additional 384,668 shares during the quarter. Vise Technologies Inc. owned about 0.59% of Douglas Elliman worth $809,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kanen Wealth Management LLC acquired a new position in shares of Douglas Elliman in the 1st quarter valued at $25,000. Two Sigma Securities LLC acquired a new stake in Douglas Elliman during the 2nd quarter worth $55,000. Bank of America Corp DE acquired a new stake in Douglas Elliman during the 2nd quarter worth $76,000. Citizens Financial Group Inc. RI increased its stake in Douglas Elliman by 47.9% in the first quarter. Citizens Financial Group Inc. RI now owns 51,636 shares of the company’s stock valued at $85,000 after purchasing an additional 16,729 shares during the period. Finally, Ieq Capital LLC acquired a new position in Douglas Elliman in the second quarter valued at $120,000. Hedge funds and other institutional investors own 59.56% of the company’s stock.

Douglas Elliman Price Performance

DOUG opened at $1.60 on Tuesday. Douglas Elliman Inc. has a 1-year low of $1.38 and a 1-year high of $3.03. The stock has a market cap of $145.88 million, a P/E ratio of 9.44 and a beta of 1.87. The stock’s 50 day simple moving average is $1.60 and its 200 day simple moving average is $1.87.

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

Wall Street Analyst Weigh In

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

Douglas Elliman Company Profile

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.