Dream Finders Homes (NASDAQ:DFH) Shares Gap Down – Should You Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH) shares gapped down prior to trading on Friday . The stock had previously closed at $24.73, but opened at $23.87. Dream Finders Homes shares last traded at $23.40, with a volume of 89,480 shares changing hands.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price objective on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Dream Finders Homes Trading Down 3.5 %

The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 1.28 and a beta of 1.99. The company has a fifty day moving average price of $23.41 and a 200-day moving average price of $28.18.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 earnings per share. As a group, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 70.45% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC bought a new position in Dream Finders Homes in the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. boosted its stake in Dream Finders Homes by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after buying an additional 568 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dream Finders Homes in the 3rd quarter valued at $63,000. FMR LLC boosted its stake in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after buying an additional 1,468 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Dream Finders Homes in the 4th quarter valued at $116,000. 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.