Dream Finders Homes (NYSE:DFH) Shares Up 10.5% – Time to Buy?

Shares of Dream Finders Homes, Inc. (NYSE:DFH) shot up 10.5% during mid-day trading on Friday . The company traded as high as $14.45 and last traded at $15.0040. 51,475 shares traded hands during trading, a decline of 91% from the average session volume of 581,492 shares. The stock had previously closed at $13.58.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DFH. Wall Street Zen downgraded Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Dream Finders Homes in a research report on Tuesday, January 27th. Citigroup began coverage on Dream Finders Homes in a research report on Wednesday, January 7th. They set a “market perform” rating for the company. Citizens Jmp raised Dream Finders Homes to a “hold” rating in a research report on Wednesday, January 7th. Finally, Zacks Research downgraded Dream Finders Homes from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Up 9.3%

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 1.09 and a beta of 1.94. The business has a 50 day moving average price of $16.37 and a 200-day moving average price of $18.68.

Dream Finders Homes (NYSE:DFH) last posted its earnings results on Monday, February 23rd. The company reported $999.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $998.38. Dream Finders Homes had a return on equity of 16.00% and a net margin of 5.02%.The business had revenue of $1.21 billion during the quarter.

Institutional Investors Weigh In On Dream Finders Homes

A number of large investors have recently modified their holdings of the stock. Cooke & Bieler LP grew its stake in shares of Dream Finders Homes by 0.7% in the fourth quarter. Cooke & Bieler LP now owns 2,487,064 shares of the company’s stock valued at $42,529,000 after buying an additional 16,946 shares in the last quarter. State Street Corp boosted its holdings in Dream Finders Homes by 0.4% in the fourth quarter. State Street Corp now owns 1,545,418 shares of the company’s stock valued at $26,427,000 after purchasing an additional 6,032 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dream Finders Homes by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,214,409 shares of the company’s stock valued at $20,767,000 after purchasing an additional 76,919 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Dream Finders Homes by 8.6% in the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock valued at $11,728,000 after purchasing an additional 41,117 shares during the last quarter. Finally, Elgethun Capital Management boosted its holdings in Dream Finders Homes by 8.2% in the fourth quarter. Elgethun Capital Management now owns 495,037 shares of the company’s stock valued at $8,465,000 after purchasing an additional 37,450 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.