Dream Finders Homes (NASDAQ:DFH) Sets New 12-Month Low – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.42 and last traded at $22.04, with a volume of 341142 shares. The stock had previously closed at $21.63.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Stock Up 2.4 %

The firm has a market capitalization of $2.26 billion, a P/E ratio of 7.89, a PEG ratio of 0.69 and a beta of 2.02. The business’s 50-day simple moving average is $27.72 and its 200 day simple moving average is $30.05.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the business posted $0.75 EPS. Dream Finders Homes’s revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 59,106 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now directly owns 801,105 shares in the company, valued at $25,170,719.10. This represents a 6.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 127,358 shares of company stock worth $3,951,309 in the last ninety days. 70.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC purchased a new stake in Dream Finders Homes in the third quarter worth $33,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Dream Finders Homes during the 3rd quarter valued at about $63,000. ORG Wealth Partners LLC purchased a new position in shares of Dream Finders Homes during the third quarter valued at about $105,000. Benjamin F. Edwards & Company Inc. raised its stake in Dream Finders Homes by 139.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after buying an additional 1,701 shares in the last quarter. Finally, FMR LLC lifted its holdings in Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after buying an additional 1,468 shares during the period. 95.55% of the stock is owned by institutional investors.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.