Dream Finders Homes (NASDAQ:DFH) Stock Price Up 8.2%

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price shot up 8.2% during trading on Thursday . The company traded as high as $26.92 and last traded at $26.90. 125,610 shares were traded during trading, a decline of 70% from the average session volume of 414,824 shares. The stock had previously closed at $24.87.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America upped their target price on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Zelman & Associates raised shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price on the stock in a research note on Monday, May 13th. Finally, Wedbush reissued a “neutral” rating and issued a $24.00 price target on shares of Dream Finders Homes in a research note on Thursday, May 2nd.

Dream Finders Homes Price Performance

The stock’s 50 day simple moving average is $27.50 and its 200-day simple moving average is $32.99. The company has a market capitalization of $2.51 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $886.34 million. During the same period in the previous year, the company earned $0.45 earnings per share. Dream Finders Homes’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts predict that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current year.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 6,581 shares of Dream Finders Homes stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total value of $165,709.58. Following the completion of the transaction, the chief executive officer now owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick O. Zalupski sold 23,479 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $30.27, for a total value of $710,709.33. Following the transaction, the chief executive officer now owns 1,300,973 shares of the company’s stock, valued at $39,380,452.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 6,581 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $25.18, for a total value of $165,709.58. Following the completion of the sale, the chief executive officer now owns 1,209,478 shares in the company, valued at $30,454,656.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,850 shares of company stock worth $2,795,188. Corporate insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently made changes to their positions in the business. Naples Money Management LLC purchased a new position in Dream Finders Homes in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at $46,000. Avalon Trust Co purchased a new position in shares of Dream Finders Homes in the 4th quarter valued at $48,000. Benjamin F. Edwards & Company Inc. raised its stake in Dream Finders Homes by 926.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after acquiring an additional 1,103 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in Dream Finders Homes by 1,000.0% in the first quarter. Global Retirement Partners LLC now owns 2,200 shares of the company’s stock valued at $96,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

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.