Dream Finders Homes (NASDAQ:DFH) Hits New 52-Week Low – Should You Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.21 and last traded at $22.27, with a volume of 52561 shares changing hands. The stock had previously closed at $23.19.

Analysts Set New Price Targets

Separately, Bank of America upped their price objective on shares of Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Stock Down 3.4 %

The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 0.72 and a beta of 1.93. The company’s 50 day moving average is $29.87 and its 200 day moving average is $30.32.

Dream Finders Homes (NASDAQ:DFH) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts expect that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Insiders Place Their Bets

In other Dream Finders Homes news, Director William Radford Lovett II sold 9,869 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $34.84, for a total transaction of $343,835.96. Following the sale, the director now directly owns 4,694,252 shares in the company, valued at $163,547,739.68. This represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 18,119 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total transaction 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 $66,623,937.50. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,706 shares of company stock worth $5,210,406 in the last 90 days. Company insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

A number of large investors have recently modified their holdings of DFH. Wilmington Savings Fund Society FSB acquired a new position in shares of Dream Finders Homes during the 3rd quarter worth $63,000. Geode Capital Management LLC grew its holdings in shares of Dream Finders Homes by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after purchasing an additional 39,130 shares during the last quarter. Vestcor Inc acquired a new position in Dream Finders Homes during the 3rd quarter worth approximately $645,000. Barclays PLC increased its position in 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 purchasing an additional 28,764 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Dream Finders Homes in the 3rd quarter valued at approximately $260,000. Institutional investors and hedge funds 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.