Dream Finders Homes (NASDAQ:DFH) Trading Up 6.3% – Should You Buy?

Dream Finders Homes, Inc. (NASDAQ:DFHGet Free Report)’s stock price rose 6.3% on Tuesday . The company traded as high as $24.79 and last traded at $24.68. Approximately 121,115 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 489,623 shares. The stock had previously closed at $23.22.

Analyst Ratings Changes

Separately, Wedbush reissued a “neutral” rating and issued a $26.00 price objective on shares of Dream Finders Homes in a research note on Tuesday, May 6th.

Check Out Our Latest Report on Dream Finders Homes

Dream Finders Homes Stock Performance

The company has a market cap of $2.30 billion, a price-to-earnings ratio of 8.03, a PEG ratio of 1.28 and a beta of 1.86. The company has a 50-day simple moving average of $22.02 and a 200-day simple moving average of $23.86.

Dream Finders Homes (NASDAQ:DFHGet Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. During the same quarter last year, the business earned $0.55 EPS. Dream Finders Homes’s quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that Dream Finders Homes, Inc. will post 3.31 EPS for the current year.

Insider Buying and Selling

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This represents a 0.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 68.16% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in shares of Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock valued at $27,000 after acquiring an additional 568 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dream Finders Homes by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,916 shares of the company’s stock worth $370,000 after purchasing an additional 578 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of Dream Finders Homes by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 17,371 shares of the company’s stock valued at $404,000 after buying an additional 953 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Dream Finders Homes by 5.3% during the first quarter. Rafferty Asset Management LLC now owns 19,502 shares of the company’s stock valued at $440,000 after buying an additional 974 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Dream Finders Homes by 4.7% during the fourth quarter. Alliancebernstein L.P. now owns 26,011 shares of the company’s stock worth $605,000 after acquiring an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Dream Finders Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Finders Homes and related companies with MarketBeat.com's FREE daily email newsletter.