Dream Finders Homes (NASDAQ:DFH) Shares Up 7.2% - Should You Buy?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) shares shot up 7.2% during mid-day trading on Friday . The stock traded as high as $32.24 and last traded at $32.01. 70,004 shares changed hands during trading, a decline of 83% from the average session volume of 417,623 shares. The stock had previously closed at $29.85.

Analysts Set New Price Targets

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

Dream Finders Homes Stock Performance

The firm has a market cap of $2.88 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.71 and a beta of 1.89. The firm's fifty day simple moving average is $33.48 and its 200 day simple moving average is $30.71.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The firm had revenue of $986.26 million for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts predict that Dream Finders Homes, Inc. will post 3.22 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In other news, Director William Radford Lovett II sold 32,724 shares of the business's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $37.72, for a total value of $1,234,349.28. Following the sale, the director now directly owns 4,733,674 shares in the company, valued at $178,554,183.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Patrick O. Zalupski sold 59,106 shares of the business's stock in a transaction that occurred 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 owns 801,105 shares of the company's stock, valued at approximately $25,170,719.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William Radford Lovett II sold 32,724 shares of Dream Finders Homes stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $37.72, for a total transaction of $1,234,349.28. Following the transaction, the director now directly owns 4,733,674 shares of the company's stock, valued at $178,554,183.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,506 shares of company stock valued at $11,356,792. 70.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently made changes to their positions in the company. nVerses Capital LLC lifted its stake in Dream Finders Homes by 1,800.0% in the second quarter. nVerses Capital LLC now owns 1,900 shares of the company's stock worth $49,000 after purchasing an additional 1,800 shares during the last quarter. ORG Partners LLC bought a new stake in shares of Dream Finders Homes during the 2nd quarter worth approximately $68,000. Benjamin F. Edwards & Company Inc. grew its position in Dream Finders Homes by 139.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company's stock valued at $75,000 after acquiring an additional 1,701 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Dream Finders Homes during the second quarter worth $79,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of Dream Finders Homes during the third quarter valued at $105,000. Hedge funds and other institutional investors own 95.55% of the company's stock.

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.