Dream Finders Homes (NASDAQ:DFH) Stock Price Down 5.1% - What's Next?

Key Points

• Dream Finders Homes shares declined by 5.1% during mid-day trading, dropping from a previous close of $25.98 to $24.65, with trading volume significantly down by 89% compared to average levels.
• Analysts at Wedbush have set a $26.00 price target on Dream Finders Homes, maintaining a "neutral" rating for the stock.
• In the last quarter, Dream Finders Homes reported earnings of $0.57 per share, which was below analysts' expectations of $0.65, despite a 9% increase in year-over-year revenue.

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s share price fell 5.1% during mid-day trading on Monday . The company traded as low as $24.82 and last traded at $24.65. 48,314 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 455,879 shares. The stock had previously closed at $25.98.

Analysts Set New Price Targets

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

Dream Finders Homes Price Performance

The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.28 and a beta of 1.90. The stock's 50 day simple moving average is $25.21 and its 200-day simple moving average is $23.59.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.57 earnings per share 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%. During the same quarter last year, the firm earned $0.83 earnings per share. Dream Finders Homes's revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 10,687 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $27.42, for a total value of $293,037.54. Following the sale, the chief executive officer owned 1,999,507 shares of the company's stock, valued at approximately $54,826,481.94. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 31,264 shares of company stock valued at $855,698. Corporate insiders own 68.16% of the company's stock.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds have recently added to or reduced their stakes in the stock. Eukles Asset Management bought a new position in shares of Dream Finders Homes in the first quarter valued at $34,000. Quarry LP bought a new position in Dream Finders Homes during the first quarter worth $40,000. Nisa Investment Advisors LLC boosted its position in Dream Finders Homes by 164.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company's stock worth $45,000 after purchasing an additional 1,114 shares during the period. GAMMA Investing LLC boosted its position in Dream Finders Homes by 907.1% during the first quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock worth $135,000 after purchasing an additional 5,370 shares during the period. Finally, AlphaQuest LLC bought a new position in Dream Finders Homes during the second quarter worth $150,000. Institutional investors 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.

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