Dream Finders Homes (NASDAQ:DFH) Shares Gap Up to $28.16

Dream Finders Homes, Inc. (NASDAQ:DFH) shares gapped up before the market opened on Tuesday . The stock had previously closed at $28.16, but opened at $29.15. Dream Finders Homes shares last traded at $29.64, with a volume of 27,351 shares changing hands.

Analyst Upgrades and Downgrades

DFH has been the subject of a number of research reports. Wedbush reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of Dream Finders Homes in a report on Thursday, May 2nd. Bank of America lifted their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective on the stock in a research note on Monday, May 13th.

Dream Finders Homes Price Performance

The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 0.58 and a beta of 1.89. The business has a fifty day moving average price of $27.28 and a 200 day moving average price of $32.79.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. The firm had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current fiscal year.

Insider Activity

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.81, for a total value of $1,059,372.73. Following the transaction, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Patrick O. Zalupski sold 10,984 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $28.35, for a total transaction of $311,396.40. Following the completion of the transaction, the chief executive officer now directly owns 1,267,542 shares in the company, valued at $35,934,815.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The disclosure for this sale can be found here. Insiders have sold 91,850 shares of company stock valued at $2,795,188 over the last 90 days. 70.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Naples Money Management LLC acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dream Finders Homes during the fourth quarter worth $46,000. Avalon Trust Co purchased a new stake in shares of Dream Finders Homes during the fourth quarter worth $48,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Dream Finders Homes by 926.9% during the first 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 shares of Dream Finders Homes by 1,000.0% during the first quarter. Global Retirement Partners LLC now owns 2,200 shares of the company’s stock worth $96,000 after acquiring an additional 2,000 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

Dream Finders Homes Company Profile

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.