Dream Finders Homes (NASDAQ:DFH) Stock Price Up 9.5% - Should You Buy?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) were up 9.5% on Tuesday . The company traded as high as $27.44 and last traded at $27.82. Approximately 46,575 shares traded hands during trading, a decline of 91% from the average daily volume of 497,713 shares. The stock had previously closed at $25.41.

Analysts Set New Price Targets

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

Dream Finders Homes Stock Up 11.7%

The business has a 50 day simple moving average of $23.89 and a 200 day simple moving average of $23.26. The company has a market capitalization of $2.66 billion, a PE ratio of 9.30, a PEG ratio of 1.28 and a beta of 1.90.

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

Insider Buying and Selling

In other news, CEO Patrick O. Zalupski sold 10,687 shares of Dream Finders Homes stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $27.42, for a total value of $293,037.54. Following the completion of the sale, the chief executive officer directly owned 1,999,507 shares of the company's stock, valued at approximately $54,826,481.94. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 68.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in shares of Dream Finders Homes by 199.4% during the 4th quarter. Janus Henderson Group PLC now owns 2,064,990 shares of the company's stock worth $48,053,000 after buying an additional 1,375,305 shares in the last quarter. Vanguard Group Inc. increased its stake in Dream Finders Homes by 24.0% in the 4th quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company's stock valued at $72,788,000 after purchasing an additional 605,508 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Dream Finders Homes by 11.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,009,774 shares of the company's stock valued at $139,847,000 after purchasing an additional 594,592 shares in the last quarter. Invesco Ltd. increased its stake in Dream Finders Homes by 210.7% in the 4th quarter. Invesco Ltd. now owns 507,903 shares of the company's stock valued at $11,819,000 after purchasing an additional 344,426 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Dream Finders Homes by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 684,855 shares of the company's stock valued at $15,935,000 after purchasing an additional 159,882 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.

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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