Dream Finders Homes (NYSE:DFH) Shares Up 10.8% – Still a Buy?

Dream Finders Homes, Inc. (NYSE:DFH)’s stock price shot up 10.8% on Wednesday . The company traded as high as $16.54 and last traded at $16.3360. Approximately 54,451 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 648,280 shares. The stock had previously closed at $14.75.

Wall Street Analysts Forecast Growth

DFH has been the subject of several research reports. Wall Street Zen lowered shares of Dream Finders Homes from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Weiss Ratings lowered shares of Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Price Performance

The firm has a fifty day simple moving average of $14.58 and a two-hundred day simple moving average of $16.56. The firm has a market capitalization of $1.52 billion, a P/E ratio of 9.72 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last issued its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.15). The firm had revenue of $887.84 million during the quarter. Dream Finders Homes had a net margin of 4.16% and a return on equity of 12.65%.

Institutional Investors Weigh In On Dream Finders Homes

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Dream Finders Homes by 39.3% during the first quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock valued at $232,000 after purchasing an additional 2,898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dream Finders Homes by 4.3% in the first 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 in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Dream Finders Homes by 8.6% in the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock valued at $11,728,000 after purchasing an additional 41,117 shares during the period. Creative Planning bought a new stake in shares of Dream Finders Homes in the second quarter valued at approximately $206,000. Finally, American Century Companies Inc. purchased a new stake in shares of Dream Finders Homes during the 2nd quarter valued at approximately $789,000. Hedge funds and other institutional investors own 95.55% of the company’s stock.

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.