Dream Finders Homes (NASDAQ:DFH) Stock Price Down 4.2% – Time to Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price traded down 4.2% during trading on Friday . The company traded as low as $17.88 and last traded at $17.6650. 35,114 shares were traded during trading, a decline of 91% from the average session volume of 411,939 shares. The stock had previously closed at $18.44.

Wall Street Analyst Weigh In

DFH has been the subject of a number of research analyst reports. Zelman & Associates raised Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. BTIG Research assumed coverage on shares of Dream Finders Homes in a research report on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, Bank of America decreased their target price on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dream Finders Homes presently has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Stock Down 3.5%

The stock has a market capitalization of $1.65 billion, a P/E ratio of 5.81, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85. The business’s 50 day simple moving average is $20.22 and its two-hundred day simple moving average is $24.20.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 6,794 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total value of $176,168.42. Following the completion of the sale, the chief executive officer owned 1,891,672 shares in the company, valued at $49,051,054.96. This represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 68.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Islay Capital Management LLC purchased a new stake in Dream Finders Homes during the second quarter valued at about $1,216,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Dream Finders Homes in the first quarter valued at approximately $470,000. Cooke & Bieler LP lifted its stake in shares of Dream Finders Homes by 12.9% during the 2nd quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock valued at $61,810,000 after buying an additional 280,510 shares in the last quarter. Elgethun Capital Management lifted its stake in shares of Dream Finders Homes by 145.3% during the 2nd quarter. Elgethun Capital Management now owns 454,112 shares of the company’s stock valued at $11,412,000 after buying an additional 269,024 shares in the last quarter. Finally, Comerica Bank boosted its holdings in Dream Finders Homes by 14.1% in the 1st quarter. Comerica Bank now owns 10,628 shares of the company’s stock worth $240,000 after buying an additional 1,310 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder specializing in the design, development and construction of single-family and multifamily communities across the United States. Through its in-house Design Studio, the company offers a range of home collections that blend architectural styles with customizable floor plans, allowing buyers to tailor finishes and features to suit their lifestyle preferences. In addition to core construction services, Dream Finders provides integrated mortgage and title services, streamlining the homebuying process for its clients.

Founded in 2007 and headquartered in St.