Dream Finders Homes (NASDAQ:DFH) Reaches New 1-Year Low - Here's What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $21.65 and last traded at $21.84, with a volume of 89589 shares traded. The stock had previously closed at $22.64.

Wall Street Analysts Forecast Growth

Separately, Bank of America increased their target price on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th.

Dream Finders Homes Stock Down 1.5 %

The business has a 50-day moving average price of $28.58 and a 200-day moving average price of $30.15. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.72 and a beta of 2.02.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $986.26 million for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business earned $0.75 EPS. The company's quarterly revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts predict that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Insider Activity at Dream Finders Homes

In related news, Director William Radford Lovett II sold 10,492 shares of the firm's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total value of $353,160.72. Following the transaction, the director now directly owns 4,667,800 shares in the company, valued at approximately $157,118,148. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick O. Zalupski sold 59,106 shares of the business's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the transaction, the chief executive officer now directly owns 801,105 shares of the company's stock, valued at approximately $25,170,719.10. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,850 shares of company stock valued at $4,304,470. 70.45% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

Institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. grew its position in Dream Finders Homes by 3.0% in the 3rd quarter. Victory Capital Management Inc. now owns 25,321 shares of the company's stock worth $917,000 after purchasing an additional 746 shares during the last quarter. Mark Sheptoff Financial Planning LLC acquired a new stake in Dream Finders Homes during the third quarter worth about $33,000. FMR LLC grew its position in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company's stock worth $107,000 after buying an additional 1,468 shares in the last quarter. Precision Wealth Strategies LLC increased its stake in Dream Finders Homes by 17.6% during the third quarter. Precision Wealth Strategies LLC now owns 10,698 shares of the company's stock valued at $387,000 after acquiring an additional 1,598 shares during the period. Finally, nVerses Capital LLC raised its holdings in Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company's stock valued at $127,000 after acquiring an additional 1,600 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

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.