Dream Finders Homes (NASDAQ:DFH) Reaches New 52-Week Low – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $21.65 and last traded at $21.84, with a volume of 89589 shares changing hands. The stock had previously closed at $22.64.

Analyst Ratings Changes

Separately, Bank of America raised their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th.

Dream Finders Homes Stock Down 2.7 %

The stock has a market capitalization of $2.06 billion, a PE ratio of 7.20, a PEG ratio of 0.72 and a beta of 2.02. The stock’s 50 day moving average price is $28.58 and its 200-day moving average price is $30.15.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (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 analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, Director William Radford Lovett II sold 10,492 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $33.66, for a total transaction of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares of the company’s stock, valued at $157,118,148. The trade was a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Patrick O. Zalupski sold 18,119 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total value of $602,637.94. Following the sale, the chief executive officer now owns 2,003,125 shares in the company, valued at $66,623,937.50. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,850 shares of company stock valued at $4,304,470. Insiders own 70.45% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFH. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Dream Finders Homes in the 3rd quarter worth $33,000. Wilmington Savings Fund Society FSB bought a new position in Dream Finders Homes during the 3rd quarter worth about $63,000. ORG Wealth Partners LLC purchased a new position in Dream Finders Homes during the 3rd quarter valued at about $105,000. Benjamin F. Edwards & Company Inc. raised its holdings in shares of 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 purchasing an additional 1,701 shares in the last quarter. Finally, FMR LLC increased its holdings in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after buying an additional 1,468 shares during the period. Hedge funds and other institutional investors 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.