Dream Finders Homes (NASDAQ:DFH) Shares Gap Down – Should You Sell?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) gapped down before the market opened on Friday . The stock had previously closed at $24.73, but opened at $23.87. Dream Finders Homes shares last traded at $23.40, with a volume of 89,480 shares.

Wall Street Analysts Forecast Growth

Separately, Bank of America cut their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Dream Finders Homes Stock Performance

The firm has a 50 day simple moving average of $23.45 and a 200 day simple moving average of $28.09. The firm has a market cap of $2.19 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.28 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Tuesday, February 25th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $1.00 EPS. The firm’s revenue was up 35.2% compared to the same quarter last year. Sell-side analysts predict that Dream Finders Homes, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total value of $25,200.21. Following the sale, the chief financial officer now owns 184,213 shares of the company’s stock, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

Large investors have recently modified their holdings of the company. Hennessy Advisors Inc. raised its holdings in shares of Dream Finders Homes by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after buying an additional 15,100 shares in the last quarter. Geode Capital Management LLC raised 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 buying an additional 39,130 shares in the last quarter. Barclays PLC raised its holdings 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 valued at $3,345,000 after buying an additional 28,764 shares in the last quarter. Natixis Advisors LLC raised its holdings 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 valued at $1,617,000 after buying an additional 20,551 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Dream Finders Homes by 872.9% during the 4th quarter. Amalgamated Bank now owns 8,017 shares of the company’s stock valued at $187,000 after buying an additional 7,193 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

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.