Dream Finders Homes (NYSE:DFH) Hits New 52-Week Low – Should You Sell?

Dream Finders Homes, Inc. (NYSE:DFH) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.57 and last traded at $14.66, with a volume of 60262 shares. The stock had previously closed at $15.34.

Wall Street Analyst Weigh In

Several analysts recently commented on DFH shares. Citizens Jmp upgraded shares of Dream Finders Homes to a “hold” rating in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Dream Finders Homes from a “hold” rating to a “strong sell” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Dream Finders Homes in a research note on Tuesday, January 27th. BTIG Research began coverage on Dream Finders Homes in a research report on Monday, December 1st. They set a “neutral” rating on the stock. Finally, Citigroup started coverage on Dream Finders Homes in a research note on Wednesday, January 7th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Stock Up 4.3%

The company has a 50-day moving average of $18.74 and a 200 day moving average of $21.16. The stock has a market capitalization of $1.42 billion, a PE ratio of 7.18, a PEG ratio of 1.18 and a beta of 1.86.

Dream Finders Homes (NYSE:DFH) last announced its quarterly earnings data on Monday, February 23rd. The company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $998.38. Dream Finders Homes had a return on equity of 16.00% and a net margin of 5.02%.The company had revenue of $1.21 billion for the quarter.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its holdings 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dream Finders Homes by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock worth $374,000 after purchasing an additional 681 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Dream Finders Homes by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock worth $11,728,000 after purchasing an additional 41,117 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Dream Finders Homes by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 191,594 shares of the company’s stock valued at $4,815,000 after purchasing an additional 4,268 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Dream Finders Homes by 7.3% in the second quarter. Geode Capital Management LLC now owns 685,435 shares of the company’s stock valued at $17,226,000 after purchasing an additional 46,538 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single?family homes, townhomes and condominiums. The company operates a semi?custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master?planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.