Dream Finders Homes (NASDAQ:DFH) Price Target Raised to $30.00 at Bank of America

Key Points

• Bank of America raised its price target for Dream Finders Homes (NASDAQ:DFH) from $27.00 to $30.00, indicating a potential upside of 5.10% from its previous close.
• In the last quarter, Dream Finders Homes reported earnings of $0.57 per share, missing the estimated $0.65 by $0.08, while revenue increased by 9.0% year-over-year.
• Insider activity shows CEO Patrick O. Zalupski sold over 11,000 shares of stock for approximately $315,012, representing a 0.58% decrease in their holdings.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) had its price target hoisted by analysts at Bank of America from $27.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's price target would suggest a potential upside of 12.40% from the stock's current price.

Dream Finders Homes Price Performance

NASDAQ DFH traded down $0.83 on Thursday, hitting $26.69. 397,695 shares of the company were exchanged, compared to its average volume of 439,249. Dream Finders Homes has a twelve month low of $19.65 and a twelve month high of $38.02. The firm has a market capitalization of $2.48 billion, a P/E ratio of 8.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90. The company's 50 day moving average price is $27.69 and its 200-day moving average price is $24.75.

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

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 11,567 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $28.86, for a total value of $333,823.62. Following the completion of the sale, the chief executive officer directly owned 1,927,772 shares of the company's stock, valued at $55,635,499.92. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 104,030 shares of company stock valued at $2,889,019. 68.16% of the stock is owned by corporate insiders.

Institutional Trading of Dream Finders Homes

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