Dream Finders Homes (NASDAQ:DFH) Stock Price Down 5.1%

Dream Finders Homes, Inc. (NASDAQ:DFH - Get Free Report) fell 5.1% on Thursday . The company traded as low as $31.00 and last traded at $31.17. 61,159 shares traded hands during trading, a decline of 85% from the average session volume of 414,004 shares. The stock had previously closed at $32.85.

Analyst Upgrades and Downgrades

Several analysts recently commented on DFH shares. Bank of America increased their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the company a "neutral" rating in a research report on Tuesday, April 2nd. Wedbush reissued a "neutral" rating and set a $24.00 price target on shares of Dream Finders Homes in a research report on Thursday, May 2nd. TheStreet raised Dream Finders Homes from a "c" rating to a "b" rating in a research report on Friday, March 1st. Finally, Zelman & Associates upgraded Dream Finders Homes from a "neutral" rating to an "outperform" rating and set a $34.50 target price on the stock in a research note on Monday.

Dream Finders Homes Stock Down 13.2 %

The stock's 50 day moving average price is $36.87 and its 200-day moving average price is $32.79. The stock has a market capitalization of $2.66 billion, a PE ratio of 9.67, a PEG ratio of 0.63 and a beta of 2.05.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11). The company had revenue of $827.80 million during the quarter, compared to analysts' expectations of $886.34 million. Dream Finders Homes had a return on equity of 34.31% and a net margin of 7.91%. Dream Finders Homes's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.45 EPS. On average, analysts forecast that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In related news, Director William Radford Lovett II sold 35,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $41.07, for a total value of $1,437,450.00. Following the completion of the transaction, the director now owns 4,980,883 shares of the company's stock, valued at approximately $204,564,864.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the sale, the chief executive officer now owns 1,357,978 shares of the company's stock, valued at $47,271,214.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Radford Lovett II sold 35,000 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $41.07, for a total transaction of $1,437,450.00. Following the completion of the sale, the director now owns 4,980,883 shares of the company's stock, valued at approximately $204,564,864.81. The disclosure for this sale can be found here. Insiders have sold a total of 225,934 shares of company stock valued at $8,932,274 over the last 90 days. 70.45% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of Dream Finders Homes by 9.6% during the third quarter. Bank of New York Mellon Corp now owns 158,445 shares of the company's stock worth $3,522,000 after acquiring an additional 13,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dream Finders Homes by 51.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company's stock worth $84,000 after purchasing an additional 1,295 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Dream Finders Homes during the 3rd quarter valued at $416,000. Csenge Advisory Group purchased a new stake in shares of Dream Finders Homes in the 3rd quarter worth $488,000. Finally, Capula Management Ltd grew its position in shares of Dream Finders Homes by 7.2% during the 3rd quarter. Capula Management Ltd now owns 41,780 shares of the company's stock worth $929,000 after buying an additional 2,820 shares in the last quarter. Institutional investors own 95.55% of the company's stock.

About Dream Finders Homes

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.