Dream Finders Homes (NYSE:DFH) Shares Gap Down - Should You Sell?

Key Points

• Dream Finders Homes shares gapped down prior to market opening, moving from a closing price of $30.12 to an opening price of $29.29.
• The company reported earnings per share of $0.56 for the last quarter, falling short of the $0.65 consensus estimate, while revenue exceeded expectations at $1.15 billion.
• Several analysts have adjusted their ratings for Dream Finders Homes, with Zelman & Associates downgrading it from "strong-buy" to "hold" and Zacks Research raising it from "strong sell" to "hold."

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $30.12, but opened at $29.29. Dream Finders Homes shares last traded at $29.34, with a volume of 16,519 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on DFH shares. Wall Street Zen cut Dream Finders Homes from a "hold" rating to a "sell" rating in a research report on Monday, July 21st. Zelman & Associates cut Dream Finders Homes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Zacks Research raised Dream Finders Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold".

Dream Finders Homes Trading Up 1.4%

The firm's 50 day moving average price is $27.75. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 7.82 and a beta of 1.90.

Dream Finders Homes (NYSE:DFH - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.09). Dream Finders Homes had a net margin of 6.61% and a return on equity of 24.91%. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.02 billion.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.