Dream Finders Homes (NYSE:DFH) Shares Down 9.2% – Time to Sell?

Dream Finders Homes, Inc. (NYSE:DFH) dropped 9.2% during mid-day trading on Thursday . The stock traded as low as $13.94 and last traded at $13.9950. Approximately 213,306 shares traded hands during trading, a decline of 67% from the average session volume of 647,017 shares. The stock had previously closed at $15.42.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DFH shares. Weiss Ratings cut Dream Finders Homes from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Dream Finders Homes from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Dream Finders Homes currently has a consensus rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Price Performance

The firm’s 50 day moving average is $15.48 and its 200 day moving average is $16.12. The company has a market capitalization of $1.17 billion, a PE ratio of 8.93 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $1.06 billion during the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.43%.

Hedge Funds Weigh In On Dream Finders Homes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Dream Finders Homes in the third quarter worth about $39,000. Hantz Financial Services Inc. increased its holdings in Dream Finders Homes by 154.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock valued at $29,000 after purchasing an additional 1,015 shares during the period. Larson Financial Group LLC raised its position in Dream Finders Homes by 4,853.5% during the 3rd quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock valued at $91,000 after purchasing an additional 3,446 shares during the last quarter. Russell Investments Group Ltd. raised its position in Dream Finders Homes by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after purchasing an additional 402 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Dream Finders Homes in the 1st quarter worth approximately $54,000. 95.55% of the stock is owned by institutional investors.

About Dream Finders Homes

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.