Dream Finders Homes (NYSE:DFH) Trading Up 7.6% – Here’s What Happened

Shares of Dream Finders Homes, Inc. (NYSE:DFH) were up 7.6% during trading on Friday . The stock traded as high as $19.15 and last traded at $19.03. Approximately 88,462 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 415,857 shares. The stock had previously closed at $17.69.

Analyst Ratings Changes

DFH has been the subject of a number of research analyst reports. Zelman & Associates raised shares of Dream Finders Homes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dream Finders Homes in a research note on Thursday, October 30th. Finally, Zacks Research downgraded Dream Finders Homes from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Dream Finders Homes Stock Performance

The firm has a 50 day simple moving average of $23.16. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 5.22 and a beta of 1.85.

Dream Finders Homes (NYSE:DFH) last released its earnings results on Thursday, October 30th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Dream Finders Homes had a return on equity of 21.90% and a net margin of 6.16%.The firm had revenue of $969.80 million during the quarter.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.