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Saturday, December 9, 2023

Is Douglas Elliman Inc (NYSE: DOUG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Douglas Elliman Inc (DOUG) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0216, or -1.06%, to $2.0084. The Douglas Elliman Inc has recorded 9,429 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Douglas Elliman Inc. Reports Third Quarter 2023 Financial Results.

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Stocks Info

DOUG belongs to the Real Estate sector of the NYSE while operating in the Real Estate Services industry. At the end of the last regular session, the stock closed at $2.03 and fluctuated between $2.0400 as its day high and $1.8212 as its day low. The current market capitalization of Douglas Elliman Inc is $180.02M. A total of 0.7 million shares were traded on the day, compared to an average of 495.22K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DOUG has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 129,954 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 8 SELLs from insiders. Insiders purchased 2,544,954 shares during that period but sold 230,450.

In the most recent transaction, KRAMER RONALD J bought 20,000 shares of DOUG for 2.58 per share on Aug 31. After the transaction, the Director now owns 93,500 company shares. In a previous transaction on Aug 22, LAMPEN RICHARD bought 50,000 shares at 2.09 per share. DOUG shares that Executive Vice President & COO owns now total 1,601,097.

Among the insiders who bought shares, LORBER HOWARD M acquired of 50,000 shares on Aug 21 at a per-share price of $2.07. This resulted in the Chairman, President & CEO holding 4,248,619 shares of DOUG after the transaction. In another insider transaction, Liebowitz Michael bought 9,954 shares at $2.11 per share on Aug 18. Company shares held by the Director now total 168,070.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. DOUG’s most recent ex-dividend date was 6/21/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 6/30/2023. Previously, the company paid the dividend on 3/31/2023 with an ex-dividend date of 3/22/2023. The DOUG stock dividend was $0.05 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DOUG in the last 3 months, the mean price target is $4.00 with high estimates of $4.00 and low estimates of $4.00. In terms of 52-week highs and lows, DOUG has a high of $5.02 and a low of $1.57.

As of this writing, DOUG has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.13. The company reported an EPS of -$0.06 in the last quarter, which was 50.00% higher than expectations of -$0.12.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. DOUG’s latest balance sheet shows that the firm has $211.62M in Cash & Short Term Investments as of fiscal 2021. There were $164.87M in debt and $132.47M in liabilities at the time. Its Book Value Per Share was $2.78, while its Total Shareholder’s Equity was $281.87M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DOUG is Buy with a score of 4.00.

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