Dream Finders Homes (NYSE:DFH) Stock Price Down 9.2% – Time to Sell?

Shares of Dream Finders Homes, Inc. (NYSE:DFH) were down 9.2% during trading on Thursday . The stock traded as low as $13.94 and last traded at $13.9950. Approximately 213,306 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 647,017 shares. The stock had previously closed at $15.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DFH shares. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Weiss Ratings downgraded 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Trading Down 9.3%

The company’s 50 day simple moving average is $15.54 and its 200 day simple moving average is $16.19. The stock has a market capitalization of $1.28 billion, a PE ratio of 8.13 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $1.06 billion for the quarter. Dream Finders Homes had a return on equity of 12.65% and a net margin of 4.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in shares of Dream Finders Homes by 1,443.4% in the fourth quarter. SG Americas Securities LLC now owns 155,946 shares of the company’s stock worth $2,667,000 after acquiring an additional 145,842 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Dream Finders Homes during the first quarter worth approximately $4,800,000. Northwestern Mutual Wealth Management Co. raised its stake in Dream Finders Homes by 24,680.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 94,663 shares of the company’s stock worth $1,619,000 after purchasing an additional 94,281 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Dream Finders Homes by 105.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 128,872 shares of the company’s stock valued at $2,204,000 after purchasing an additional 66,294 shares during the last quarter. Finally, AMG National Trust Bank acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at $594,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

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.