Douglas Elliman Inc (DOUG) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Douglas Elliman Inc (NYSE: DOUG) stock fell -4.60% on Friday to $1.66 against a previous-day closing price of $1.74. With 0.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $1.7800 whereas the lowest price it dropped to was $1.6500. The 52-week range on DOUG shows that it touched its highest point at $5.02 and its lowest point at $1.57 during that stretch. It currently has a 1-year price target of $4.00. With its current market cap of 147.21 million, DOUG has annualized dividend of $0.19 while the current yield stands at 11.47%. Beta for the stock currently stands at 1.23.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DOUG was up-trending over the past week, with a rise of 3.75%, but this was down by -17.41% over a month. Three-month performance dropped to -18.23% while six-month performance fell -47.02%. The stock lost -55.98% in the past year, while it has lost -57.17% so far this year. A look at the trailing 12-month EPS for DOUG yields -0.56 with Next year EPS estimates of -0.20. For the next quarter, that number is -0.13. This implies an EPS growth rate of -471.67% for this year and 59.18% for next year.

Float and Shares Shorts:

At present, 84.93 million DOUG shares are outstanding with a float of 71.89 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.4 million, which was 0.45% higher than short shares on Sep 28, 2023. In addition to Mr. Howard M. Lorber as the firm’s Chairman, President & CEO, Mr. J. Bryant Kirkland III serves as its Senior VP, Treasurer & CFO.

Institutional Ownership:

Through their ownership of 63.05% of DOUG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.59% of DOUG, in contrast to 28.06% held by mutual funds. Shares owned by individuals account for 27.03%. As the largest shareholder in DOUG with 8.02% of the stake, The Vanguard Group, Inc. holds 7,108,657 shares worth 7,108,657. A second-largest stockholder of DOUG, BlackRock Fund Advisors, holds 4,854,556 shares, controlling over 5.48% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in DOUG, holding 4,216,866 shares or 4.76% stake. With a 4.76% stake in DOUG, the American Funds Small Cap World Fu is the largest stakeholder. A total of 4,216,866 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.51% of DOUG stock, is the second-largest Mutual Fund holder. It holds 3,108,864 shares valued at 5.5 million. Vanguard Total Stock Market ETF holds 2.32% of the stake in DOUG, owning 2,057,383 shares worth 3.64 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DOUG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DOUG analysts setting a high price target of $4.00 and a low target of $4.00, the average target price over the next 12 months is $4.00. Based on these targets, DOUG could surge 140.96% to reach the target high and rise by 140.96% to reach the target low. Reaching the average price target will result in a growth of 140.96% from current levels.

Summary of Insider Activity:

Insiders traded DOUG stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 120,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 2,544,954 while 230,450 shares were sold.