Douglas Elliman Inc (NYSE: DOUG): Is This The Time To Buy?

Douglas Elliman Inc (NYSE:DOUG)’s traded shares stood at 0.78 million during the last session, with the company’s beta value hitting 1.51. At the close of trading, the stock’s price was $2.42, to imply an increase of 5.22% or $0.12 in intraday trading. The DOUG share’s 52-week high remains $3.16, putting it -30.58% down since that peak but still an impressive 58.68% since price per share fell to its 52-week low of $1.00. The company has a valuation of $215.78M, with an average of 1.1 million shares in intraday trading volume over the past 10 days and average of 722.83K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Douglas Elliman Inc (DOUG), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give DOUG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.

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Douglas Elliman Inc (NYSE:DOUG) trade information

After registering a 5.22% upside in the last session, Douglas Elliman Inc (DOUG) has traded red over the past five days. The 5-day price performance for the stock is -4.72%, and 25.39% over 30 days. With these gigs, the year-to-date price performance is -17.97%. Short interest in Douglas Elliman Inc (NYSE:DOUG) saw shorts transact 1.09 million shares and set a 1.54 days time to cover.

Douglas Elliman Inc (DOUG) estimates and forecasts

Looking at statistics comparing Douglas Elliman Inc share performance against respective industry, we note that the company has underperformed competitors. Douglas Elliman Inc (DOUG) shares are 120.00% up over the last 6 months, with its year-to-date growth rate lower than industry average at -84.00% against 3.70%. The rating firms project that company’s revenue will grow 3.18% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 233.65M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 223.19M.Earnings reports from the last fiscal year show that sales brought in 214.14M and 200.24M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.11% before jumping 11.46% in the following quarter.

DOUG Dividends

Douglas Elliman Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Douglas Elliman Inc (NYSE:DOUG)’s Major holders

Douglas Elliman Inc insiders hold 19.53% of total outstanding shares, with institutional holders owning 46.56% of the shares at 57.86% float percentage. In total, 46.56% institutions holds shares in the company, led by CLEARLINE CAPITAL LP. As of 2024-06-30, the company held over 4.35 million shares (or 5.2153% of shares), all amounting to roughly $5.04 million.

The next major institution holding the largest number of shares is RENAISSANCE TECHNOLOGIES LLC with 3.76 million shares, or about 4.5092% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.36 million.