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

Dream Finders Homes, Inc. (NASDAQ:DFH) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $17.28 and last traded at $17.3410, with a volume of 235117 shares trading hands. The stock had previously closed at $17.86.

Analyst Ratings Changes

DFH has been the topic of a number of recent analyst reports. Bank of America decreased their target price on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 12th. Finally, BTIG Research started coverage on shares of Dream Finders Homes in a research report on Monday, December 1st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dream Finders Homes currently has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Down 2.9%

The firm has a market cap of $1.61 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85. The business has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $24.04.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 6,794 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total value of $176,168.42. Following the sale, the chief executive officer directly owned 1,891,672 shares in the company, valued at approximately $49,051,054.96. This trade represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 68.16% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at $1,742,000. Comerica Bank increased its holdings in Dream Finders Homes by 14.1% in the first quarter. Comerica Bank now owns 10,628 shares of the company’s stock valued at $240,000 after buying an additional 1,310 shares in the last quarter. Rafferty Asset Management LLC increased its stake in Dream Finders Homes by 5.3% in the 1st quarter. Rafferty Asset Management LLC now owns 19,502 shares of the company’s stock valued at $440,000 after purchasing an additional 974 shares in the last quarter. Quarry LP acquired a new position in shares of Dream Finders Homes during the 1st quarter worth $40,000. Finally, Royal Bank of Canada grew its stake in Dream Finders Homes by 39.3% in the 1st quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock valued at $232,000 after acquiring an additional 2,898 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes is a residential homebuilder specializing in the design, development and construction of single-family and multifamily communities across the United States. Through its in-house Design Studio, the company offers a range of home collections that blend architectural styles with customizable floor plans, allowing buyers to tailor finishes and features to suit their lifestyle preferences. In addition to core construction services, Dream Finders provides integrated mortgage and title services, streamlining the homebuying process for its clients.

Founded in 2007 and headquartered in St.