Dream Finders Homes (NASDAQ:DFH) Earns Neutral Rating from Wedbush

Dream Finders Homes (NASDAQ:DFH)‘s stock had its “neutral” rating reiterated by research analysts at Wedbush in a report issued on Thursday, RTT News reports. They currently have a $24.00 price target on the stock. Wedbush’s target price indicates a potential downside of 25.65% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Bank of America lifted their target price on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st.

Dream Finders Homes Trading Down 9.5 %

Shares of NASDAQ DFH traded down $3.38 during midday trading on Thursday, hitting $32.28. 678,565 shares of the company’s stock were exchanged, compared to its average volume of 404,074. The business’s fifty day moving average price is $38.33 and its two-hundred day moving average price is $32.00. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 0.96 and a beta of 2.05. Dream Finders Homes has a 12-month low of $15.28 and a 12-month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.29. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $898.68 million. Dream Finders Homes had a return on equity of 36.62% and a net margin of 7.89%. Dream Finders Homes’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. Equities analysts expect that Dream Finders Homes will post 3.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 30,433 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the sale, the chief executive officer now owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Patrick O. Zalupski sold 34,961 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $42.46, for a total transaction of $1,484,444.06. Following the completion of the transaction, the chief executive officer now directly owns 1,428,742 shares of the company’s stock, valued at $60,664,385.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Patrick O. Zalupski sold 30,433 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the completion of the sale, the chief executive officer now owns 1,357,978 shares in the company, valued at approximately $47,271,214.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 277,812 shares of company stock worth $10,552,415. Company insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in shares of Dream Finders Homes by 9.6% during the third quarter. Bank of New York Mellon Corp now owns 158,445 shares of the company’s stock valued at $3,522,000 after buying an additional 13,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dream Finders Homes by 51.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock worth $84,000 after purchasing an additional 1,295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Dream Finders Homes during the third quarter valued at about $416,000. Csenge Advisory Group purchased a new position in Dream Finders Homes in the third quarter valued at about $488,000. Finally, Capula Management Ltd lifted its position in shares of Dream Finders Homes by 7.2% during the third quarter. Capula Management Ltd now owns 41,780 shares of the company’s stock valued at $929,000 after buying an additional 2,820 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.