Dream Finders Homes (NASDAQ:DFH) Shares Gap Up – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.56, but opened at $25.33. Dream Finders Homes shares last traded at $24.62, with a volume of 62,382 shares.

Analyst Upgrades and Downgrades

Separately, Bank of America lifted their price target on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Dream Finders Homes Price Performance

The company has a market capitalization of $2.26 billion, a P/E ratio of 7.92, a P/E/G ratio of 0.69 and a beta of 2.02. The stock’s 50 day simple moving average is $27.72 and its two-hundred day simple moving average is $30.05.

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

Insider Transactions at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the sale, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the completion of the transaction, the director now owns 4,667,800 shares in the company, valued at approximately $157,118,148. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,850 shares of company stock valued at $4,304,470 over the last 90 days. 70.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in shares of Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock valued at $24,974,000 after purchasing an additional 663,180 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Dream Finders Homes by 6.7% in the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dream Finders Homes by 55.4% in the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after purchasing an additional 150,026 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Dream Finders Homes by 57.9% in the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after purchasing an additional 125,800 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its holdings in shares of Dream Finders Homes by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after purchasing an additional 15,100 shares during the last quarter. 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.