Dream Finders Homes (NASDAQ:DFH) Trading Up 7.2% – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price was up 7.2% on Friday . The stock traded as high as $32.24 and last traded at $32.01. Approximately 70,004 shares were traded during trading, a decline of 83% from the average daily volume of 417,623 shares. The stock had previously closed at $29.85.

Analysts Set New Price Targets

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

Dream Finders Homes Price Performance

The firm has a market cap of $2.88 billion, a PE ratio of 10.05, a P/E/G ratio of 0.71 and a beta of 1.93. The stock has a 50-day moving average price of $33.42 and a 200 day moving average price of $30.64.

Dream Finders Homes (NASDAQ:DFH) last announced 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 business had revenue of $986.26 million during the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. Dream Finders Homes’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current year.

Insider Activity

In other news, Director William Radford Lovett II sold 8,698 shares of Dream Finders Homes stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $30.39, for a total value of $264,332.22. Following the completion of the sale, the director now owns 4,877,666 shares of the company’s stock, valued at $148,232,269.74. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Patrick O. Zalupski sold 59,106 shares of Dream Finders Homes stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total value of $1,857,110.52. Following the transaction, the chief executive officer now owns 801,105 shares in the company, valued at approximately $25,170,719.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Radford Lovett II sold 8,698 shares of Dream Finders Homes stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $30.39, for a total value of $264,332.22. Following the completion of the transaction, the director now owns 4,877,666 shares in the company, valued at $148,232,269.74. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 341,506 shares of company stock valued at $11,356,792 over the last quarter. Company insiders own 70.45% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Janus Henderson Group PLC lifted its stake in shares of Dream Finders Homes by 3.3% during the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company’s stock worth $992,000 after purchasing an additional 728 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Dream Finders Homes by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company’s stock worth $304,000 after purchasing an additional 1,041 shares in the last quarter. US Bancorp DE lifted its stake in shares of Dream Finders Homes by 4.0% during the first quarter. US Bancorp DE now owns 30,243 shares of the company’s stock worth $1,323,000 after purchasing an additional 1,169 shares in the last quarter. Simplicity Wealth LLC lifted its stake in shares of Dream Finders Homes by 6.2% during the second quarter. Simplicity Wealth LLC now owns 21,565 shares of the company’s stock worth $557,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Versor Investments LP lifted its stake in shares of Dream Finders Homes by 13.0% during the second quarter. Versor Investments LP now owns 11,800 shares of the company’s stock worth $305,000 after purchasing an additional 1,354 shares in the last quarter. Institutional investors and hedge funds 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.