Dream Finders Homes (NASDAQ:DFH) Shares Gap Up to $28.16

Dream Finders Homes, Inc. (NASDAQ:DFH) gapped up before the market opened on Tuesday . The stock had previously closed at $28.16, but opened at $29.15. Dream Finders Homes shares last traded at $29.64, with a volume of 27,351 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DFH. Wedbush reissued a “neutral” rating and set a $24.00 target price on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective on the stock in a research note on Monday, May 13th. Finally, Bank of America increased their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd.

Dream Finders Homes Stock Performance

The company has a market cap of $2.81 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.58 and a beta of 1.89. The stock’s fifty day moving average price is $27.28 and its two-hundred day moving average price is $32.79.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. The business had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. During the same quarter in the previous year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.21 EPS for the current year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the sale, the chief executive officer now owns 1,357,978 shares in the company, valued at $47,271,214.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now owns 1,357,978 shares in the company, valued at approximately $47,271,214.18. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick O. Zalupski sold 10,984 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $28.35, for a total transaction of $311,396.40. Following the sale, the chief executive officer now owns 1,267,542 shares in the company, valued at $35,934,815.70. The disclosure for this sale can be found here. Insiders have sold 91,850 shares of company stock valued at $2,795,188 over the last ninety days. 70.45% of the stock is owned by corporate insiders.

Institutional Trading of Dream Finders Homes

A number of large investors have recently bought and sold shares of DFH. Nordea Investment Management AB acquired a new position in shares of Dream Finders Homes during the fourth quarter valued at about $2,319,000. Denali Advisors LLC grew its stake in Dream Finders Homes by 226.2% in the fourth quarter. Denali Advisors LLC now owns 148,243 shares of the company’s stock valued at $5,267,000 after acquiring an additional 102,800 shares during the period. Great Lakes Advisors LLC acquired a new stake in Dream Finders Homes in the fourth quarter valued at approximately $6,826,000. Raymond James & Associates bought a new stake in shares of Dream Finders Homes during the fourth quarter valued at approximately $788,000. Finally, Axiom Investors LLC DE acquired a new position in shares of Dream Finders Homes during the fourth quarter worth approximately $6,718,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.