Dream Finders Homes (NASDAQ:DFH) Stock Price Down 7.3%

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report)'s stock price traded down 7.3% on Monday . The stock traded as low as $35.64 and last traded at $35.75. 378,436 shares traded hands during trading, a decline of 6% from the average session volume of 401,439 shares. The stock had previously closed at $38.58.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Bank of America lifted their price target on Dream Finders Homes from $29.00 to $45.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. TheStreet raised Dream Finders Homes from a "c" rating to a "b" rating in a report on Friday, March 1st.

Dream Finders Homes Stock Performance

The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.04 and a beta of 1.99. The company has a fifty day simple moving average of $37.69 and a two-hundred day simple moving average of $30.91.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.29. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $898.68 million. Dream Finders Homes had a return on equity of 36.62% and a net margin of 7.89%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. As a group, equities analysts anticipate that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current year.

Insider Activity

In other news, CEO Patrick O. Zalupski sold 24,043 shares of Dream Finders Homes stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $31.55, for a total value of $758,556.65. Following the transaction, the chief executive officer now owns 767,319 shares in the company, valued at approximately $24,208,914.45. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Justin Udelhofen sold 25,000 shares of Dream Finders Homes stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $35.69, for a total value of $892,250.00. Following the transaction, the director now owns 30,376 shares in the company, valued at approximately $1,084,119.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 24,043 shares of the business's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $31.55, for a total value of $758,556.65. Following the sale, the chief executive officer now owns 767,319 shares in the company, valued at approximately $24,208,914.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 271,422 shares of company stock worth $10,251,599. Insiders own 74.13% of the company's stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Dream Finders Homes by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,069,447 shares of the company's stock worth $73,527,000 after acquiring an additional 50,994 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Dream Finders Homes by 242.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 222,969 shares of the company's stock worth $7,922,000 after acquiring an additional 157,807 shares during the last quarter. Virtu Financial LLC bought a new stake in Dream Finders Homes during the 4th quarter worth $543,000. Price T Rowe Associates Inc. MD bought a new stake in Dream Finders Homes during the 4th quarter worth $210,000. Finally, GSA Capital Partners LLP bought a new stake in Dream Finders Homes during the 4th quarter worth $412,000. 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.