Dream Finders Homes (NASDAQ:DFH) Reaches New 1-Year Low - Should You Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $21.42 and last traded at $22.04, with a volume of 341142 shares. The stock had previously closed at $21.63.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Price Performance

The stock's 50-day moving average price is $27.90 and its 200-day moving average price is $30.06. The company has a market cap of $2.15 billion, a P/E ratio of 7.51, a PEG ratio of 0.69 and a beta of 2.02.

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

Insiders Place Their Bets

In related news, Director William Radford Lovett II sold 10,492 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $33.66, for a total value of $353,160.72. Following the completion of the sale, the director now directly owns 4,667,800 shares of the company's stock, valued at approximately $157,118,148. This represents a 0.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Patrick O. Zalupski sold 18,119 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total transaction of $602,637.94. Following the completion of the sale, the chief executive officer now directly owns 2,003,125 shares of the company's stock, valued at $66,623,937.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,850 shares of company stock worth $4,304,470. 70.45% of the stock is currently owned by company insiders.

Institutional Trading of Dream Finders Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB grew its stake in shares of Dream Finders Homes by 4.3% in the fourth quarter. Nordea Investment Management AB now owns 120,597 shares of the company's stock worth $2,811,000 after purchasing an additional 4,971 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Dream Finders Homes in the 3rd quarter worth about $63,000. Geode Capital Management LLC boosted its holdings in Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company's stock worth $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Vestcor Inc bought a new position in Dream Finders Homes in the third quarter worth approximately $645,000. Finally, Barclays PLC grew its stake in shares of Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company's stock valued at $3,345,000 after acquiring an additional 28,764 shares during the period. Institutional investors 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.