Dream Finders Homes (NASDAQ:DFH) Given New $26.00 Price Target at Bank of America

Key Points

• Bank of America has revised its price target for Dream Finders Homes (NASDAQ: DFH) down from $30.00 to $26.00, while maintaining a "neutral" rating on the stock, indicating a potential upside of 12.55% from the closing price.
• Dream Finders Homes reported a quarterly EPS of $0.57, missing analysts’ estimates, while experiencing a 9.0% increase in quarterly revenue compared to the previous year.
• Insider activity includes CEO Patrick O. Zalupski selling over 11,000 shares of stock, decreasing his position slightly, with 68.16% of the stock being owned by corporate insiders.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) had its price objective lowered by equities research analysts at Bank of America from $30.00 to $26.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Bank of America's price objective indicates a potential upside of 12.55% from the company's previous close.

Dream Finders Homes Price Performance

Shares of DFH stock traded down $0.44 on Friday, hitting $23.10. 62,853 shares of the stock traded hands, compared to its average volume of 427,081. The company has a market capitalization of $2.15 billion, a PE ratio of 7.51, a PEG ratio of 1.28 and a beta of 1.87. Dream Finders Homes has a 1-year low of $19.65 and a 1-year high of $35.71. The company's fifty day moving average is $27.36 and its 200 day moving average is $24.87.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.08). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%.The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. As a group, equities research analysts expect that Dream Finders Homes will post 3.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 11,567 shares of the company's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $28.86, for a total transaction of $333,823.62. Following the completion of the transaction, the chief executive officer directly owned 1,927,772 shares in the company, valued at $55,635,499.92. This represents a 0.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 97,419 shares of company stock worth $2,699,849. 68.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Eukles Asset Management bought a new position in shares of Dream Finders Homes in the first quarter worth $34,000. Quarry LP acquired a new stake in shares of Dream Finders Homes in the first quarter valued at $40,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dream Finders Homes by 164.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company's stock valued at $45,000 after buying an additional 1,114 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Dream Finders Homes by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company's stock valued at $95,000 after buying an additional 402 shares during the period. Finally, State of Wyoming acquired a new stake in shares of Dream Finders Homes in the second quarter valued at $123,000. Institutional investors own 95.55% of the company's stock.

About Dream Finders Homes

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.

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