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Douglas Elliman Inc (DOUG) – Don’t Be So Quick to Call it Dead

Douglas Elliman Inc (NYSE: DOUG) is -18.98% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $3.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DOUG stock was last observed hovering at around $2.27 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $2.39, the stock is 20.28% and 30.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 5.29% at the moment leaves the stock 48.90% off its SMA200. DOUG registered 38.95% gain for a year compared to 6-month gain of 91.20%. The firm has a 50-day simple moving average (SMA 50) of $1.8126 and a 200-day simple moving average (SMA200) of $1.60345.

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The stock witnessed a 67.13% loss in the last 1 month and extending the period to 3 months gives it a 32.04%, and is 32.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.00% over the week and 10.92% over the month.

Douglas Elliman Inc (DOUG) has around 809 employees, a market worth around $213.11M and $967.00M in sales. Fwd P/E is 26.61. Profit margin for the company is -8.81%. Distance from 52-week low is 139.00% and -24.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.69%).

The EPS is expected to shrink by -10.32% this year

143.0 institutions hold shares in Douglas Elliman Inc (DOUG), with institutional investors hold 57.59% of the company’s shares. The shares outstanding are 87.93M, and float is at 74.52M with Short Float at 1.65%. Institutions hold 46.61% of the Float.

The top institutional shareholder in the company is CLEARLINE CAPITAL LP with over 4.35 million shares valued at $5.04 million. The investor’s holdings represent 5.2153 of the DOUG Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 3.76 million shares valued at $4.36 million to account for 4.5092 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.66 million shares representing 4.3944 and valued at over $4.25 million, while AMERIPRISE FINANCIAL INC holds 3.4239 of the shares totaling 2.85 million with a market value of $3.31 million.

Douglas Elliman Inc (DOUG) Insider Activity

The most recent transaction is an insider sale by LORBER HOWARD M, the company’s. SEC filings show that LORBER HOWARD M sold 1,081,414 shares of the company’s common stock on Nov 18 ’24 at a price of $1.68 per share for a total of $1.82 million. Following the sale, the insider now owns 1.36 million shares.

Douglas Elliman Inc disclosed in a document filed with the SEC on Nov 18 ’24 that Liebowitz Michael () bought a total of 1,081,414 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $1.68 per share for $1.82 million. Following the transaction, the insider now directly holds 1.48 million shares of the DOUG stock.

Still, SEC filings show that on Jul 10 ’24, ZEITCHICK MARK (Director) acquired 40,000 shares at an average price of $1.18 for $47196.0. The insider now directly holds 297,310 shares of Douglas Elliman Inc (DOUG).

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