Understanding the Risks of Investing in Douglas Elliman Inc. (DOUG)


Douglas Elliman Inc.’s recent filing unveils that its Executive Vice President & COO LAMPEN RICHARD acquired Company’s shares for reported $0.1 million on Aug 22. In the deal valued at $2.09 per share,50,000 shares were bought. As a result of this transaction, LAMPEN RICHARD now holds 1,601,097 shares worth roughly $ 4.23 million.

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Then, LORBER HOWARD M bought 50,000 shares, generating $103,690 in total proceeds. Upon buying the shares at $2.07, the Chairman, President & CEO now owns 4,248,619 shares.

Before that, Liebowitz Michael bought 9,954 shares. Douglas Elliman Inc. shares valued at $20,964 were divested by the Director at a price of $2.11 per share. As a result of the transaction, Liebowitz Michael now holds 168,070 shares, worth roughly $0.44 million.

BTIG Research initiated its Douglas Elliman Inc. [DOUG] rating to a Neutral in a research note published on Friday.

Price Performance Review of DOUG

On Friday, Douglas Elliman Inc. [NYSE:DOUG] saw its stock jump 5.18% to $2.64. On the same session, the stock had its day’s lowest price of $2.55, but rose to a high of $2.65. Over the last five days, the stock has gained 7.32%. Douglas Elliman Inc. shares have fallen nearly -31.89% since the year began. Nevertheless, the stocks have fallen -39.87% over the past one year. While a 52-week high of $5.02 was reached on 02/02/23, a 52-week low of $2.02 was recorded on 08/21/23. SMA at 50 days reached $2.27, while 200 days put it at $3.20. A total of 0.65 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For DOUG Stock

The 24-hour chart illustrates a support level at 2.58, which if violated will result in even more drops to 2.51. On the upside, there is a resistance level at 2.68. A further resistance level may holdings at 2.71. The Relative Strength Index (RSI) on the 14-day chart is 66.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.59%. Stochastics %K at 90.31% indicates the stock is a selling.

How much short interest is there in Douglas Elliman Inc.?

A steep rise in short interest was recorded in Douglas Elliman Inc. stocks on Aug 14, 2023, dropping by -0.24 million shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.79 million shares. There was a decline of -44.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.73.

Douglas Elliman Inc. [DOUG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,190,882 shares, or roughly 8.11% of the outstanding DOUG shares. In other words, the investor’s shares have fallen by -1,562,928 from its previous 13-F filing of 8753810.0. Additionally, BlackRock Fund Advisors decreased -55.39% of its stake after which the total value it holdings stand at $11,151,200. Over the last quarter, Renaissance Technologies LLC sold -58,690 shares of Douglas Elliman Inc., while Millennium Management LLC sold 2,614,800 shares. At present, Dimensional Fund Advisors LP is holding 2,175,847 shares valued at $4.81 million. Geode Capital Management LLC owned 1,654,004 shares of the company at the time of its most recent 13F filing, worth $3.66 million.

According to FactSet, Douglas Elliman Inc.’s share price will average $4.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 59.36 percent from its previous closing price of $2.51. Analysts expect Douglas Elliman Inc. stock to reach the higher price of $4.00, while the lowest price estimate is $4.00. However, 2 analysts have rated DOUG stock as an Overweight in their predictions for 2023.


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