Dream Finders Homes (NASDAQ:DFH) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analyst Weigh In

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

Dream Finders Homes Stock Performance

The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.72 and a beta of 2.02. The firm’s 50-day simple moving average is $28.26 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Transactions at Dream Finders Homes

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

Hedge Funds Weigh In On Dream Finders Homes

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in Dream Finders Homes in the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in Dream Finders Homes during the 3rd quarter worth about $63,000. Benjamin F. Edwards & Company Inc. raised its stake 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 during the period. Palouse Capital Management Inc. acquired a new stake in Dream Finders Homes in the 2nd quarter valued at approximately $79,000. Finally, ORG Wealth Partners LLC acquired a new position in Dream Finders Homes during the 3rd quarter worth approximately $105,000. Institutional investors and hedge funds 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.