Dream Finders Homes (NASDAQ:DFH) Trading Up 8.1% – Time to Buy?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) shot up 8.1% during trading on Friday . The stock traded as high as $19.15 and last traded at $19.1250. 88,068 shares were traded during trading, a decline of 79% from the average session volume of 415,857 shares. The stock had previously closed at $17.69.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DFH. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. Bank of America reduced their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Dream Finders Homes has a consensus rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Stock Performance

The stock has a market capitalization of $1.80 billion, a PE ratio of 6.35, a P/E/G ratio of 1.28 and a beta of 1.85. The firm has a 50 day moving average of $23.16 and a 200-day moving average of $24.61.

Insider Activity

In related news, CEO Patrick O. Zalupski sold 6,794 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total transaction of $176,168.42. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 66,171 shares of company stock valued at $1,845,824 over the last ninety days. 68.16% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DFH. Cooke & Bieler LP grew its holdings in shares of Dream Finders Homes by 0.4% during the 3rd quarter. Cooke & Bieler LP now owns 2,470,118 shares of the company’s stock valued at $64,025,000 after acquiring an additional 10,518 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Dream Finders Homes by 8.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,137,490 shares of the company’s stock valued at $29,485,000 after purchasing an additional 88,060 shares during the last quarter. Fenimore Asset Management Inc grew its stake in Dream Finders Homes by 3.4% in the second quarter. Fenimore Asset Management Inc now owns 688,292 shares of the company’s stock valued at $17,297,000 after purchasing an additional 22,871 shares in the last quarter. Geode Capital Management LLC increased its position in Dream Finders Homes by 7.3% in the 2nd quarter. Geode Capital Management LLC now owns 685,435 shares of the company’s stock worth $17,226,000 after purchasing an additional 46,538 shares during the last quarter. Finally, Invesco Ltd. increased its position in Dream Finders Homes by 3.1% in the 1st quarter. Invesco Ltd. now owns 523,563 shares of the company’s stock worth $11,812,000 after purchasing an additional 15,660 shares during the last quarter. 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.