Dream Finders Homes (NASDAQ:DFH) Hits New 52-Week Low – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $21.65 and last traded at $21.84, with a volume of 89589 shares trading hands. The stock had previously closed at $22.64.

Analysts Set New Price Targets

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

Dream Finders Homes Stock Down 2.6 %

The company has a market cap of $2.03 billion, a P/E ratio of 7.09, a PEG ratio of 0.72 and a beta of 2.02. The business has a fifty day moving average price of $28.26 and a 200-day moving average price of $30.05.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The firm had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Buying and Selling at Dream Finders Homes

In related news, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the completion of the sale, the director now owns 4,667,800 shares of the company’s stock, valued at $157,118,148. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 59,106 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the sale, the chief executive officer now owns 801,105 shares in the company, valued at $25,170,719.10. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,850 shares of company stock valued at $4,304,470 in the last quarter. Company insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of institutional investors and hedge funds have recently made changes to their positions in DFH. Janus Henderson Group PLC boosted its stake in Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after buying an additional 663,180 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dream Finders Homes by 55.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Dream Finders Homes by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after purchasing an additional 125,800 shares during the last quarter. Bretton Capital Management LLC bought a new stake in shares of Dream Finders Homes during the 3rd quarter valued at approximately $4,508,000. Finally, Geode Capital Management LLC increased its position in Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock worth $22,539,000 after purchasing an additional 39,130 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

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.