Dream Finders Homes (NASDAQ:DFH) Stock Rating Upgraded by Zelman & Associates

Dream Finders Homes (NASDAQ:DFHGet Free Report) was upgraded by analysts at Zelman & Associates from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a $34.50 target price on the stock. Zelman & Associates’ price target suggests a potential upside of 12.01% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Wedbush reaffirmed a “neutral” rating and set a $24.00 target price on shares of Dream Finders Homes in a report on Thursday, May 2nd. TheStreet upgraded Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st. Finally, Bank of America raised their price target on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd.

Get Our Latest Stock Analysis on Dream Finders Homes

Dream Finders Homes Trading Up 2.1 %

NASDAQ:DFH opened at $30.80 on Monday. The stock has a 50 day simple moving average of $37.19 and a 200 day simple moving average of $32.82. Dream Finders Homes has a 1-year low of $16.20 and a 1-year high of $44.38. The stock has a market cap of $2.87 billion, a P/E ratio of 10.44, a PEG ratio of 0.64 and a beta of 2.05.

Dream Finders Homes (NASDAQ:DFHGet Free Report) last announced its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. The business had revenue of $827.80 million during the quarter, compared to the consensus estimate of $886.34 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Dream Finders Homes will post 3.21 EPS for the current year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 44,246 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $38.39, for a total value of $1,698,603.94. Following the sale, the chief executive officer now owns 1,638,206 shares of the company’s stock, valued at approximately $62,890,728.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 44,246 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $38.39, for a total transaction of $1,698,603.94. Following the completion of the sale, the chief executive officer now owns 1,638,206 shares in the company, valued at approximately $62,890,728.34. The disclosure for this sale can be found here. Insiders sold a total of 225,934 shares of company stock worth $8,932,274 over the last three months. Corporate insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Several hedge funds have recently added to or reduced their stakes in the business. Naples Money Management LLC bought a new position in shares of Dream Finders Homes in the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Dream Finders Homes in the 4th quarter valued at about $46,000. Avalon Trust Co acquired a new stake in Dream Finders Homes in the fourth quarter valued at approximately $48,000. Benjamin F. Edwards & Company Inc. grew its position in Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after purchasing an additional 1,103 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dream Finders Homes by 51.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock valued at $84,000 after purchasing an additional 1,295 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

Dream Finders Homes Company Profile

(Get Free Report)

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.

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