Dream Finders Homes (NASDAQ:DFH) Hits New 1-Year Low – Should You Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s stock price hit a new 52-week low during trading on Saturday . The stock traded as low as $20.50 and last traded at $22.21, with a volume of 1017877 shares traded. The stock had previously closed at $21.31.

Analyst Ratings Changes

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

Dream Finders Homes Price Performance

The firm’s 50-day moving average price is $23.25 and its 200-day moving average price is $27.38. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.00 EPS. On average, sell-side analysts anticipate that Dream Finders Homes, Inc. will post 3.31 earnings per share for the current year.

Insider Activity at Dream Finders Homes

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $24.49, for a total value of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at approximately $4,511,376.37. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 70.45% of the company’s stock.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in Dream Finders Homes by 93.9% during the 4th quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after purchasing an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Dream Finders Homes in the third quarter worth $63,000. FMR LLC raised its holdings in Dream Finders Homes by 99.4% in the third quarter. FMR LLC now owns 2,945 shares of the company’s stock valued at $107,000 after acquiring an additional 1,468 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Dream Finders Homes during the 4th quarter valued at $116,000. Finally, Oregon Public Employees Retirement Fund bought a new position in Dream Finders Homes during the 4th quarter valued at $149,000. Institutional investors and hedge funds own 95.55% of the company’s stock.

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.