Dream Finders Homes (NYSE:DFH) Stock Price Breaks Above 50 Day Moving Average - Should You Sell?

Key Points

• DFH shares rose above their 50-day moving average, trading at $12.79 versus the $11.16 average, but remained below the 200-day average of $14.65.
• Analyst sentiment is mixed: MarketBeat’s consensus rating is Hold, based on one Strong Buy, three Hold, and two Sell ratings; Weiss Ratings reiterated a Sell rating.
• The company reported quarterly EPS of $0.22 and revenue of $996.05 million. Insiders bought 103,000 shares worth about $1.43 million over the past 90 days.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report) shares passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.16 and traded as high as $12.87. Dream Finders Homes shares last traded at $12.7930, with a volume of 2,502,137 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dream Finders Homes in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Dream Finders Homes Price Performance

The stock has a fifty day moving average price of $11.16 and a 200 day moving average price of $14.65. The stock has a market capitalization of $1.16 billion, a P/E ratio of 13.33 and a beta of 2.02.

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

Insiders Place Their Bets

In other news, Director Richard Beckwitt bought 10,000 shares of the stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $12.07 per share, for a total transaction of $120,700.00. Following the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 103,000 shares of company stock worth $1,427,755. Corporate insiders own 65.97% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. grew its stake in Dream Finders Homes by 193.1% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 3,101 shares of the company's stock worth $33,000 after buying an additional 2,043 shares in the last quarter. State of Wyoming bought a new position in Dream Finders Homes in the first quarter valued at $54,000. Versant Capital Management Inc raised its position in Dream Finders Homes by 59.4% during the second quarter. Versant Capital Management Inc now owns 5,135 shares of the company's stock valued at $89,000 after purchasing an additional 1,913 shares in the last quarter. Fulcrum Asset Management LLP lifted its stake in Dream Finders Homes by 16,803.0% during the third quarter. Fulcrum Asset Management LLP now owns 11,156 shares of the company's stock worth $123,000 after purchasing an additional 11,090 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Dream Finders Homes by 1,878.0% during the 1st quarter. Fifth Third Bancorp now owns 9,534 shares of the company's stock valued at $133,000 after purchasing an additional 9,052 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company serves primarily first-time, move-up and luxury homebuyers, offering homes in a range of floor plans, sizes and price points. Its activities include land acquisition and development, home construction, sales and customer service.

Founded in 2008 by Patrick Zalupski, Dream Finders Homes is headquartered in Jacksonville, Florida. The company operates in selected markets across the Southeast, Mid-Atlantic, Texas and Colorado through the Dream Finders Homes brand and regional homebuilding operations, including affiliated brands such as Coventry Homes and Crescent Homes.

In addition to homebuilding, the company provides related services intended to support the purchase process, including mortgage lending and title and closing services through affiliated businesses.

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