Dream Finders Homes (NASDAQ:DFH) Reaches New 12-Month Low - Here's Why

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $21.36 and last traded at $21.49, with a volume of 83020 shares changing hands. The stock had previously closed at $22.44.

Wall Street Analyst Weigh In

Separately, Bank of America reduced their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th.

Dream Finders Homes Trading Up 0.5 %

The stock has a 50-day moving average price of $24.88 and a two-hundred day moving average price of $29.47. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 1.30 and a beta of 2.01.

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 that occurred on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the transaction, the chief executive officer now directly owns 1,956,353 shares of the company's stock, valued at approximately $53,721,453.38. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 70.45% of the company's stock.

Institutional Trading of Dream Finders Homes

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. increased its holdings in Dream Finders Homes by 93.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock valued at $27,000 after buying an additional 568 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Dream Finders Homes by 3.0% during 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 during the period. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $33,000. Precision Wealth Strategies LLC raised its holdings in Dream Finders Homes by 13.4% in the 4th quarter. Precision Wealth Strategies LLC now owns 12,127 shares of the company's stock worth $282,000 after purchasing an additional 1,429 shares during the period. Finally, FMR LLC boosted 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 purchasing an additional 1,468 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

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.