Dream Finders Homes (NASDAQ:DFH) Trading 6.3% Higher - Still a Buy?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s stock price shot up 6.3% on Tuesday . The company traded as high as $24.79 and last traded at $24.68. 121,115 shares changed hands during trading, a decline of 75% from the average session volume of 489,623 shares. The stock had previously closed at $23.22.

Wall Street Analyst Weigh In

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

Dream Finders Homes Stock Performance

The stock's 50-day moving average price is $22.08 and its 200-day moving average price is $23.87. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 1.28 and a beta of 1.86.

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

Institutional Investors Weigh In On Dream Finders Homes

A number of large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its position in Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company's stock worth $27,000 after acquiring an additional 568 shares during the last quarter. Eukles Asset Management purchased a new position in shares of Dream Finders Homes during the 1st quarter worth approximately $34,000. Quarry LP acquired a new position in shares of Dream Finders Homes during the 1st quarter worth approximately $40,000. KLP Kapitalforvaltning AS acquired a new position in shares of Dream Finders Homes during the 4th quarter worth approximately $116,000. Finally, GAMMA Investing LLC lifted its stake in Dream Finders Homes by 907.1% in the 1st quarter. GAMMA Investing LLC now owns 5,962 shares of the company's stock valued at $135,000 after buying an additional 5,370 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.