Dream Finders Homes (NASDAQ:DFH) Reaches New 52-Week Low - Time to Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $20.54 and last traded at $21.01, with a volume of 419282 shares trading hands. The stock had previously closed at $21.78.

Analyst Upgrades and Downgrades

Separately, Bank of America lowered their price target on Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, January 27th.

Dream Finders Homes Stock Performance

The company has a market cap of $2.10 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.30 and a beta of 2.01. The firm has a 50 day moving average price of $24.08 and a two-hundred day moving average price of $29.20.

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the firm's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the transaction, the chief executive officer now owns 1,956,353 shares in the company, valued at $53,721,453.38. This trade represents a 0.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 70.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its stake in Dream Finders Homes by 93.9% in the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock worth $27,000 after purchasing an additional 568 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Dream Finders Homes by 3.0% in the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company's stock valued at $917,000 after acquiring an additional 746 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Dream Finders Homes in the 3rd quarter valued at about $33,000. MetLife Investment Management LLC raised its holdings in shares of Dream Finders Homes by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 17,371 shares of the company's stock valued at $404,000 after acquiring an additional 953 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Dream Finders Homes by 4.7% in the 4th quarter. Alliancebernstein L.P. now owns 26,011 shares of the company's stock valued at $605,000 after acquiring an additional 1,161 shares in the last quarter. Institutional investors 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.