Dream Finders Homes (NASDAQ:DFH) Shares Down 4.3% – Time to Sell?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) traded down 4.3% during trading on Thursday . The stock traded as low as $24.25 and last traded at $24.29. 100,762 shares traded hands during trading, a decline of 78% from the average session volume of 463,205 shares. The stock had previously closed at $25.38.

Wall Street Analysts Forecast Growth

Separately, Bank of America lifted their price target on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Stock Down 7.7 %

The business’s fifty day moving average is $31.22 and its two-hundred day moving average is $30.45. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 7.65, a price-to-earnings-growth ratio of 0.72 and a beta of 1.93.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, October 31st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.75 earnings per share. Research analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Insider Buying and Selling

In other Dream Finders Homes news, Director William Radford Lovett II sold 9,869 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total value of $343,835.96. Following the transaction, the director now directly owns 4,694,252 shares of the company’s stock, valued at approximately $163,547,739.68. This trade represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Patrick O. Zalupski sold 33,018 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $36.58, for a total transaction of $1,207,798.44. Following the sale, the chief executive officer now owns 931,121 shares of the company’s stock, valued at $34,060,406.18. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,510 shares of company stock worth $5,918,048 over the last three months. 70.45% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dream Finders Homes

Several large investors have recently modified their holdings of the business. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Dream Finders Homes in the 3rd quarter valued at about $33,000. nVerses Capital LLC raised its position in Dream Finders Homes by 1,800.0% in the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock valued at $49,000 after buying an additional 1,800 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dream Finders Homes in the 3rd quarter valued at approximately $63,000. Benjamin F. Edwards & Company Inc. lifted its stake in Dream Finders Homes by 139.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,923 shares of the company’s stock valued at $75,000 after acquiring an additional 1,701 shares in the last quarter. Finally, Palouse Capital Management Inc. acquired a new position in Dream Finders Homes during the 2nd quarter worth approximately $79,000. 95.55% of the stock is currently owned by institutional investors.

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.