Dream Finders Homes (NASDAQ:DFH) Trading Down 4.1%

Dream Finders Homes, Inc. (NASDAQ:DFH) fell 4.1% on Friday . The stock traded as low as $25.47 and last traded at $25.49. 42,473 shares were traded during mid-day trading, a decline of 80% from the average session volume of 215,284 shares. The stock had previously closed at $26.59.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DFH. Wedbush reaffirmed a “neutral” rating and issued a $16.00 target price (up from $12.00) on shares of Dream Finders Homes in a research report on Friday, August 4th. Bank of America raised their price target on Dream Finders Homes from $24.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, August 18th.

Dream Finders Homes Price Performance

The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.36, a price-to-earnings-growth ratio of 3.95 and a beta of 1.64. The business has a fifty day moving average price of $25.82 and a 200 day moving average price of $18.81.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.29. The company had revenue of $942.88 million for the quarter, compared to analyst estimates of $677.74 million. Dream Finders Homes had a return on equity of 41.14% and a net margin of 7.61%. The company’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. Research analysts anticipate that Dream Finders Homes, Inc. will post 2.29 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Justin Udelhofen sold 7,624 shares of Dream Finders Homes stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.10, for a total transaction of $221,858.40. Following the transaction, the director now directly owns 89,209 shares of the company’s stock, valued at $2,595,981.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, COO Doug Moran sold 80,000 shares of Dream Finders Homes stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $24.68, for a total transaction of $1,974,400.00. Following the transaction, the chief operating officer now directly owns 466,898 shares of the company’s stock, valued at $11,523,042.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Justin Udelhofen sold 7,624 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $29.10, for a total value of $221,858.40. Following the completion of the transaction, the director now owns 89,209 shares of the company’s stock, valued at approximately $2,595,981.90. The disclosure for this sale can be found here. Insiders have sold a total of 89,624 shares of company stock valued at $2,246,078 over the last three months. Company insiders own 74.13% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its position in shares of Dream Finders Homes by 27.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,001 shares of the company’s stock valued at $49,000 after purchasing an additional 429 shares during the period. UBS Group AG boosted its position in shares of Dream Finders Homes by 113.5% in the 2nd quarter. UBS Group AG now owns 2,500 shares of the company’s stock valued at $26,000 after purchasing an additional 1,329 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Dream Finders Homes by 48.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,714 shares of the company’s stock worth $67,000 after acquiring an additional 885 shares during the period. Advisor Group Holdings Inc. boosted its position in Dream Finders Homes by 148.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock worth $49,000 after acquiring an additional 1,706 shares during the period. Finally, State of Wyoming acquired a new stake in Dream Finders Homes during the 2nd quarter worth about $81,000. Institutional investors and hedge funds own 20.78% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.