Dream Finders Homes (NYSE:DFH) Share Price Crosses Below Fifty Day Moving Average After Analyst Downgrade

Key Points

• Dream Finders Homes shares fell below their 50-day moving average after Zelman & Associates cut its rating from Outperform to Neutral; the stock traded as low as $10.21 and last stood at $10.658.
• Analyst sentiment is broadly cautious: MarketBeat lists an average rating of “Reduce,” with four Hold ratings and two Sell ratings; other firms also recently lowered their ratings.
• Insiders bought 14,000 shares worth about $173,545 in the last quarter. The company reported quarterly EPS of $0.22 and revenue of $996.05 million.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday after Zelman & Associates downgraded the stock from an outperform rating to a neutral rating. The stock has a 50 day moving average of $10.85 and traded as low as $10.21. Dream Finders Homes shares last traded at $10.6580, with a volume of 981,213 shares trading hands.

A number of other research analysts have also issued reports on DFH. Wall Street Zen lowered shares of Dream Finders Homes from a "sell" rating to a "strong sell" rating in a report on Saturday, November 7th. Weiss Ratings downgraded shares of Dream Finders Homes from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, November 4th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce".

Insider Buying and Selling at Dream Finders Homes

In related news, Director Richard Beckwitt acquired 10,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $12.07 per share, with a total value of $120,700.00. Following the transaction, the director directly owned 100,000 shares of the company's stock, valued at $1,207,000. This trade represents a 11.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 14,000 shares of company stock worth $173,545 in the last quarter. 65.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in DFH. Dimensional Fund Advisors LP lifted its holdings in shares of Dream Finders Homes by 19.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company's stock valued at $20,173,000 after purchasing an additional 234,899 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Dream Finders Homes during the second quarter valued at approximately $2,833,000. Janus Henderson Group PLC grew its holdings in Dream Finders Homes by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company's stock worth $26,125,000 after buying an additional 92,691 shares in the last quarter. Bank of America Corp DE raised its position in Dream Finders Homes by 51.5% in the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company's stock valued at $2,034,000 after buying an additional 49,694 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in Dream Finders Homes in the 3rd quarter valued at $466,000. Institutional investors and hedge funds own 95.55% of the company's stock.

Dream Finders Homes Stock Performance

The firm has a 50 day simple moving average of $10.85 and a two-hundred day simple moving average of $14.40. The firm has a market capitalization of $966.89 million, a P/E ratio of 11.10 and a beta of 2.02.

Dream Finders Homes (NYSE:DFH - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $996.05 million for the quarter. Dream Finders Homes had a net margin of 2.56% and a return on equity of 8.87%.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc. is a homebuilding company that designs, builds and sells single-family homes and townhomes. Its offerings include homes in a range of styles and price points, with options that allow buyers to personalize features and finishes. Founded in 2008 and headquartered in Jacksonville, Florida, the company serves homebuyers in markets across the Southeast and Mid-Atlantic, as well as select markets in other regions. It operates under the Dream Finders Homes brand and other regional homebuilding brands.

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