Dream Finders Homes (NYSE:DFH) Stock Moved Up to Sell by Wall Street Zen

Key Points

• Wall Street Zen upgraded Dream Finders Homes from “strong sell” to “sell,” while the broader analyst consensus remains “Reduce”; four analysts rate it Hold and two rate it Sell.
• Shares fell 3.2% on Friday to $10.66. The company reported quarterly EPS of $0.22 on revenue of $996.05 million.
• Company insiders bought 14,000 shares worth about $173,545 over the past 90 days; insiders own 65.97% of the stock.

Dream Finders Homes (NYSE:DFH - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report released on Sunday, Wall Street Zen reports.

Several other research analysts also recently weighed in on the company. Zelman & Associates downgraded Dream Finders Homes from an "outperform" rating to a "neutral" rating in a research note on Friday. Weiss Ratings cut shares of Dream Finders Homes from a "sell (d+)" rating to a "sell (d)" rating in a research report on Wednesday, November 4th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Dream Finders Homes has an average rating of "Reduce".

Dream Finders Homes Stock Down 3.2%

NYSE:DFH traded down $0.35 on Friday, reaching $10.66. 981,213 shares of the company's stock traded hands, compared to its average volume of 1,478,944. The stock has a 50-day simple moving average of $10.85 and a 200-day simple moving average of $14.40. Dream Finders Homes has a 12 month low of $7.30 and a 12 month high of $21.55. The firm has a market cap of $966.89 million, a PE ratio of 11.10 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $996.05 million during the quarter. Dream Finders Homes had a return on equity of 8.87% and a net margin of 2.56%.

Insider Buying and Selling at Dream Finders Homes

In other news, Director Richard Beckwitt bought 10,000 shares of Dream Finders Homes stock in a transaction dated Thursday, September 10th. The shares were purchased at an average cost of $12.07 per share, with a total value of $120,700.00. Following the completion of the acquisition, the director owned 100,000 shares of the company's stock, valued at $1,207,000. This trade represents a 11.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 14,000 shares of company stock worth $173,545 in the last ninety days. Company insiders own 65.97% of the company's stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP increased its position in Dream Finders Homes by 309.2% in the third quarter. Marshall Wace LLP now owns 1,027,193 shares of the company's stock worth $10,991,000 after purchasing an additional 776,167 shares during the last quarter. Elgethun Capital Management raised its stake in Dream Finders Homes by 1.1% during the third quarter. Elgethun Capital Management now owns 828,414 shares of the company's stock valued at $8,864,000 after purchasing an additional 9,008 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Dream Finders Homes by 73.5% during the third quarter. Public Sector Pension Investment Board now owns 165,145 shares of the company's stock valued at $1,767,000 after purchasing an additional 69,944 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Dream Finders Homes by 33.7% during the third quarter. Russell Investments Group Ltd. now owns 46,735 shares of the company's stock valued at $500,000 after purchasing an additional 11,777 shares during the last quarter. Finally, Fulcrum Asset Management LLP lifted its position in Dream Finders Homes by 16,803.0% during the third quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company's stock valued at $123,000 after purchasing an additional 11,090 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

About Dream Finders Homes

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.

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