Dream Finders Homes (NASDAQ:DFH) Shares Gap Up – Here’s What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $23.56, but opened at $25.33. Dream Finders Homes shares last traded at $24.62, with a volume of 62,382 shares trading hands.

Analyst Upgrades and Downgrades

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

Dream Finders Homes Price Performance

The company’s 50-day moving average is $27.41 and its two-hundred day moving average is $29.97. The firm has a market cap of $2.25 billion, a P/E ratio of 7.86, a PEG ratio of 0.70 and a beta of 2.02.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the company earned $0.75 EPS. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect that Dream Finders Homes, Inc. will post 3.33 EPS for the current fiscal year.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,119 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total value of $602,637.94. Following the completion of the transaction, the chief executive officer now owns 2,003,125 shares of the company’s stock, valued at approximately $66,623,937.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 127,358 shares of company stock valued at $3,951,309. 70.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DFH. Geode Capital Management LLC raised its holdings in Dream Finders Homes by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after buying an additional 39,130 shares during the last quarter. Barclays PLC grew its position in shares of Dream Finders Homes by 45.2% during the 3rd quarter. Barclays PLC now owns 92,402 shares of the company’s stock worth $3,345,000 after buying an additional 28,764 shares during the period. Natixis Advisors LLC grew its position in shares of Dream Finders Homes by 85.2% during the 3rd quarter. Natixis Advisors LLC now owns 44,662 shares of the company’s stock worth $1,617,000 after buying an additional 20,551 shares during the period. Bretton Capital Management LLC acquired a new stake in shares of Dream Finders Homes during the 3rd quarter worth approximately $4,508,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Dream Finders Homes by 55.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after purchasing an additional 150,026 shares in the last quarter. Institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.