Dream Finders Homes (NASDAQ:DFH) Stock Price Up 8.7%

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares traded up 8.7% during trading on Wednesday . The stock traded as high as $28.43 and last traded at $28.35. 67,370 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 420,194 shares. The stock had previously closed at $26.08.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America raised their target price on Dream Finders Homes from $29.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday, April 2nd. Zelman & Associates upgraded Dream Finders Homes from a "neutral" rating to an "outperform" rating and set a $34.50 target price on the stock in a research report on Monday, May 13th. TheStreet upgraded Dream Finders Homes from a "c" rating to a "b" rating in a research report on Friday, March 1st. Finally, Wedbush restated a "neutral" rating and issued a $24.00 target price on shares of Dream Finders Homes in a research report on Thursday, May 2nd.

Dream Finders Homes Trading Up 6.3 %

The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.56 and a beta of 1.93. The firm has a 50-day moving average price of $32.12 and a 200-day moving average price of $33.48.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.11). The company had revenue of $827.80 million during the quarter, compared to analyst estimates of $886.34 million. Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The business's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Equities research analysts predict that Dream Finders Homes, Inc. will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 10,984 shares of Dream Finders Homes stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $28.35, for a total value of $311,396.40. Following the transaction, the chief executive officer now directly owns 1,267,542 shares in the company, valued at approximately $35,934,815.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Patrick O. Zalupski sold 44,246 shares of the firm's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $38.39, for a total value of $1,698,603.94. Following the completion of the sale, the chief executive officer now owns 1,638,206 shares of the company's stock, valued at $62,890,728.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 10,984 shares of the firm's stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $28.35, for a total value of $311,396.40. Following the completion of the sale, the chief executive officer now directly owns 1,267,542 shares of the company's stock, valued at approximately $35,934,815.70. The disclosure for this sale can be found here. Insiders have sold 223,373 shares of company stock worth $8,438,830 in the last three months. 70.45% of the stock is currently owned by insiders.

Institutional Trading of Dream Finders Homes

Several hedge funds and other institutional investors have recently modified their holdings of DFH. Janus Henderson Group PLC boosted its position in Dream Finders Homes by 3.3% during the first quarter. Janus Henderson Group PLC now owns 22,674 shares of the company's stock valued at $992,000 after purchasing an additional 728 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Dream Finders Homes by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,935 shares of the company's stock valued at $304,000 after purchasing an additional 1,041 shares during the last quarter. Hood River Capital Management LLC boosted its position in Dream Finders Homes by 23.7% during the first quarter. Hood River Capital Management LLC now owns 516,071 shares of the company's stock valued at $22,568,000 after purchasing an additional 98,922 shares during the last quarter. Lazard Asset Management LLC boosted its position in Dream Finders Homes by 1.8% during the first quarter. Lazard Asset Management LLC now owns 136,924 shares of the company's stock valued at $5,987,000 after purchasing an additional 2,383 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in Dream Finders Homes by 389.3% during the first quarter. EntryPoint Capital LLC now owns 6,723 shares of the company's stock valued at $294,000 after purchasing an additional 5,349 shares during 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.