Dream Finders Homes (NASDAQ:DFH) Shares Gap Down to $35.66

Dream Finders Homes, Inc. (NASDAQ:DFH) gapped down before the market opened on Thursday . The stock had previously closed at $35.66, but opened at $33.01. Dream Finders Homes shares last traded at $32.03, with a volume of 144,955 shares changing hands.

Analysts Set New Price Targets

DFH has been the topic of several recent analyst reports. TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a report on Friday, March 1st. Bank of America boosted their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd.

Dream Finders Homes Stock Performance

The firm’s 50-day simple moving average is $38.29 and its 200 day simple moving average is $31.98. The company has a market cap of $3.00 billion, a P/E ratio of 11.32, a PEG ratio of 0.96 and a beta of 2.05.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings data on Thursday, February 29th. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.29. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $898.68 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, research analysts forecast that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 27,478 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.91, for a total value of $849,344.98. Following the completion of the transaction, the chief executive officer now directly owns 1,660,407 shares of the company’s stock, valued at approximately $51,323,180.37. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Len Sturm sold 1,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.59, for a total transaction of $38,590.00. Following the completion of the transaction, the director now directly owns 15,803 shares in the company, valued at approximately $609,837.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Patrick O. Zalupski sold 27,478 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.91, for a total transaction of $849,344.98. Following the transaction, the chief executive officer now owns 1,660,407 shares of the company’s stock, valued at $51,323,180.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 277,812 shares of company stock valued at $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 modified their holdings of the business. Naples Money Management LLC acquired a new stake in Dream Finders Homes in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Dream Finders Homes in the 4th quarter valued at about $46,000. Avalon Trust Co acquired a new stake in Dream Finders Homes in the 4th quarter valued at about $48,000. Benjamin F. Edwards & Company Inc. lifted its stake in Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Dream Finders Homes by 51.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock valued at $84,000 after acquiring an additional 1,295 shares during the period. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.