Dream Finders Homes (NASDAQ:DFH) Shares Gap Down - Here's What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $32.21, but opened at $30.56. Dream Finders Homes shares last traded at $30.63, with a volume of 78,580 shares changing hands.

Analyst Ratings Changes

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

Dream Finders Homes Trading Down 2.5 %

The stock has a market cap of $2.94 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The business's fifty day simple moving average is $33.44 and its 200 day simple moving average is $30.77.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.65 EPS. Dream Finders Homes's revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current fiscal year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 11,804 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the transaction, the chief executive officer now owns 1,130,907 shares in the company, valued at approximately $32,366,558.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick O. Zalupski sold 54,665 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the sale, the chief executive officer now owns 1,056,618 shares in the company, valued at $35,312,173.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick O. Zalupski sold 11,804 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the transaction, the chief executive officer now directly owns 1,130,907 shares of the company's stock, valued at $32,366,558.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 341,506 shares of company stock worth $11,356,792. 70.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DFH. SG Americas Securities LLC raised its stake in Dream Finders Homes by 445.3% in the 1st quarter. SG Americas Securities LLC now owns 34,641 shares of the company's stock worth $1,515,000 after purchasing an additional 28,288 shares in the last quarter. Norden Group LLC raised its holdings in Dream Finders Homes by 2,580.6% in the 1st quarter. Norden Group LLC now owns 321,453 shares of the company's stock valued at $14,057,000 after acquiring an additional 309,461 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Dream Finders Homes during the 1st quarter valued at $1,570,000. Vanguard Group Inc. increased its position in shares of Dream Finders Homes by 2.2% in the first quarter. Vanguard Group Inc. now owns 2,115,337 shares of the company's stock worth $92,504,000 after purchasing an additional 45,890 shares during the period. Finally, Denali Advisors LLC raised its stake in Dream Finders Homes by 27.9% in the second quarter. Denali Advisors LLC now owns 140,409 shares of the company's stock valued at $3,625,000 after purchasing an additional 30,599 shares in the last quarter. Institutional investors and hedge funds 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.