Dream Finders Homes (NASDAQ:DFH) Trading 6.8% Higher - Still a Buy?

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s share price rose 6.8% on Monday . The stock traded as high as $23.76 and last traded at $23.86. Approximately 182,396 shares traded hands during trading, a decline of 63% from the average daily volume of 498,715 shares. The stock had previously closed at $22.34.

Wall Street Analyst Weigh In

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

Dream Finders Homes Price Performance

The company's 50 day moving average price is $22.42 and its 200 day moving average price is $23.20. The firm has a market capitalization of $2.29 billion, a P/E ratio of 8.00, a PEG ratio of 1.28 and a beta of 1.86.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its quarterly earnings results 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%. During the same quarter in the prior year, the firm earned $0.55 EPS. Dream Finders Homes's quarterly revenue was up 19.6% compared to the same quarter last year. On average, research analysts anticipate that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Trading of Dream Finders Homes

Several hedge funds have recently modified their holdings of the stock. Aristeia Capital L.L.C. bought a new stake in shares of Dream Finders Homes during the first quarter valued at approximately $235,000. Goldman Sachs Group Inc. lifted its holdings in Dream Finders Homes by 8.6% in the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company's stock valued at $11,728,000 after buying an additional 41,117 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Dream Finders Homes in the first quarter valued at approximately $470,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dream Finders Homes by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company's stock valued at $374,000 after buying an additional 681 shares during the period. Finally, PDT Partners LLC lifted its holdings in Dream Finders Homes by 118.9% in the first quarter. PDT Partners LLC now owns 79,015 shares of the company's stock valued at $1,783,000 after buying an additional 42,912 shares during the period. 95.55% of the stock is owned by institutional investors.

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.