Dream Finders Homes (NASDAQ:DFH) Stock Price Down 3.7% - What's Next?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) fell 3.7% during mid-day trading on Wednesday . The company traded as low as $23.64 and last traded at $23.61. 455,048 shares were traded during trading, a decline of 8% from the average session volume of 493,718 shares. The stock had previously closed at $24.52.

Analysts Set New Price Targets

Separately, Wedbush reiterated a "neutral" rating and set a $26.00 price target on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

Dream Finders Homes Trading Down 3.6%

The stock has a 50-day simple moving average of $22.16 and a 200-day simple moving average of $23.72. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.86.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same period last year, the business posted $0.55 EPS. The company's revenue was up 19.6% on a year-over-year basis. As a group, research analysts expect that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Trading of Dream Finders Homes

Several institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Dream Finders Homes by 11.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after buying an additional 594,592 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dream Finders Homes by 24.0% in the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after buying an additional 605,508 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Dream Finders Homes by 19.7% in the fourth quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company's stock valued at $51,124,000 after buying an additional 361,616 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Dream Finders Homes by 199.4% in the fourth quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock valued at $48,053,000 after buying an additional 1,375,305 shares during the period. Finally, Arcus Capital Partners LLC lifted its holdings in shares of Dream Finders Homes by 21.1% in the fourth quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company's stock valued at $47,967,000 after buying an additional 359,659 shares during the period. 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.