Dream Finders Homes (NASDAQ:DFH) Sets New 12-Month Low – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH) shares reached a new 52-week low during trading on Monday . The stock traded as low as $22.21 and last traded at $22.27, with a volume of 52561 shares changing hands. The stock had previously closed at $23.19.

Wall Street Analyst Weigh In

Separately, Bank of America boosted their price objective 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 Down 3.4 %

The business has a fifty day moving average of $29.87 and a 200 day moving average of $30.32. The firm has a market cap of $2.09 billion, a P/E ratio of 7.32, a P/E/G ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The firm had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, sell-side analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 59,106 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total value of $1,857,110.52. Following the sale, the chief executive officer now directly owns 801,105 shares of the company’s stock, valued at approximately $25,170,719.10. The trade was a 6.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Radford Lovett II sold 9,869 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $34.84, for a total transaction of $343,835.96. Following the completion of the transaction, the director now directly owns 4,694,252 shares of the company’s stock, valued at approximately $163,547,739.68. The trade was a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,706 shares of company stock valued at $5,210,406 in the last quarter. Company insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of large investors have recently bought and sold shares of DFH. Mark Sheptoff Financial Planning LLC bought a new position in shares of Dream Finders Homes in the 3rd quarter valued at about $33,000. Wilmington Savings Fund Society FSB bought a new position in shares of Dream Finders Homes in the third quarter valued at $63,000. nVerses Capital LLC grew its position in shares of Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after acquiring an additional 1,800 shares during the period. ORG Wealth Partners LLC bought a new position in Dream Finders Homes during the third quarter worth about $105,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Dream Finders Homes by 139.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock worth $75,000 after buying an additional 1,701 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.