Dream Finders Homes (NASDAQ:DFH) Reaches New 12-Month Low – Time to Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH) shares hit a new 52-week low during trading on Saturday . The stock traded as low as $20.50 and last traded at $22.21, with a volume of 1017877 shares. The stock had previously closed at $21.31.

Analyst Ratings Changes

Separately, Bank of America lowered their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, January 27th.

Dream Finders Homes Stock Performance

The company’s fifty day moving average price is $23.25 and its 200 day moving average price is $27.38. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. As a group, sell-side analysts expect that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares of the company’s stock, valued at $4,511,376.37. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC increased its holdings in shares of Dream Finders Homes by 199.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company’s stock valued at $48,053,000 after purchasing an additional 1,375,305 shares during the period. Vanguard Group Inc. grew its position in Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock valued at $72,788,000 after buying an additional 605,508 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Dream Finders Homes by 11.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company’s stock valued at $139,847,000 after buying an additional 594,592 shares during the period. Cooke & Bieler LP raised its position in shares of Dream Finders Homes by 19.7% during the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock worth $51,124,000 after buying an additional 361,616 shares in the last quarter. Finally, Arcus Capital Partners LLC lifted its stake in shares of Dream Finders Homes by 21.1% in the 4th quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock worth $47,967,000 after acquiring an additional 359,659 shares during the period. 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.