Dream Finders Homes (NASDAQ:DFH) Shares Gap Up to $34.30

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $34.30, but opened at $35.34. Dream Finders Homes shares last traded at $34.49, with a volume of 33,864 shares.

Analysts Set New Price Targets

Several research firms have recently commented on DFH. Bank of America upped their price target on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. TheStreet raised shares of Dream Finders Homes from a “c” rating to a “b” rating in a report on Friday, March 1st.

Dream Finders Homes Price Performance

The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 0.92 and a beta of 1.99. The firm’s fifty day moving average is $37.90 and its two-hundred day moving average is $31.12.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.29. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $898.68 million. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, equities analysts forecast that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 27,478 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.91, for a total value of $849,344.98. Following the transaction, the chief executive officer now owns 1,660,407 shares in the company, valued at approximately $51,323,180.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick O. Zalupski sold 27,478 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.91, for a total value of $849,344.98. Following the transaction, the chief executive officer now owns 1,660,407 shares in the company, valued at approximately $51,323,180.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 54,270 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $42.05, for a total value of $2,282,053.50. Following the completion of the transaction, the chief executive officer now owns 1,507,805 shares in the company, valued at approximately $63,403,200.25. The disclosure for this sale can be found here. Insiders have sold 247,379 shares of company stock worth $9,493,042 in the last 90 days. Company insiders own 74.13% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds have recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in Dream Finders Homes by 113.5% in the second quarter. UBS Group AG now owns 2,500 shares of the company’s stock worth $26,000 after buying an additional 1,329 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new stake in Dream Finders Homes during the fourth quarter worth approximately $46,000. Avalon Trust Co bought a new stake in Dream Finders Homes during the fourth quarter worth approximately $48,000. Ameritas Investment Partners Inc. boosted its position in Dream Finders Homes by 27.3% during the second quarter. Ameritas Investment Partners Inc. now owns 2,001 shares of the company’s stock worth $49,000 after purchasing an additional 429 shares during the period. Finally, Advisor Group Holdings Inc. boosted its position in Dream Finders Homes by 148.3% during the first quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock worth $49,000 after purchasing an additional 1,706 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

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.