Bank of America Issues Pessimistic Forecast for Dream Finders Homes (NASDAQ:DFH) Stock Price

Dream Finders Homes (NASDAQ:DFH) had its price target lowered by research analysts at Bank of America from $33.00 to $32.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Bank of America‘s target price suggests a potential upside of 32.75% from the stock’s current price.

Dream Finders Homes Stock Down 3.9 %

Dream Finders Homes stock opened at $24.11 on Monday. Dream Finders Homes has a 52 week low of $21.42 and a 52 week high of $44.38. The stock has a 50-day moving average price of $26.64 and a 200 day moving average price of $29.98. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.79 and a beta of 2.02.

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

Insider Activity at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 31,919 shares of Dream Finders Homes stock in a transaction on Monday, November 11th. The shares were sold at an average price of $31.06, for a total value of $991,404.14. Following the completion of the transaction, the chief executive officer now owns 725,000 shares of the company’s stock, valued at approximately $22,518,500. The trade was a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 68,252 shares of company stock worth $2,094,199. 70.45% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock worth $10,859,000 after acquiring an additional 150,026 shares during the period. Millennium Management LLC raised its position in shares of Dream Finders Homes by 5.5% during the 2nd quarter. Millennium Management LLC now owns 171,638 shares of the company’s stock worth $4,432,000 after purchasing an additional 8,921 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Dream Finders Homes by 16.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,678 shares of the company’s stock valued at $379,000 after buying an additional 2,050 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Dream Finders Homes in the 2nd quarter worth about $482,000. Finally, Azzad Asset Management Inc. ADV increased its stake in Dream Finders Homes by 27.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 21,842 shares of the company’s stock worth $791,000 after buying an additional 4,721 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.

About Dream Finders Homes

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.