Dream Finders Homes (NASDAQ:DFH) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Dream Finders Homes (NASDAQ:DFH) from a strong sell rating to a hold rating in a report published on Tuesday, Zacks.com reports.

According to Zacks, “Dream Finders Homes Inc. is a homebuilding company. It operates principally in Florida, Texas, North Carolina, South Carolina, Georgia, Colorado, Virginia and Maryland. Dream Finders Homes Inc. is based in Jacksonville, FL. “

A number of other analysts also recently weighed in on the stock. Bank of America started coverage on shares of Dream Finders Homes in a research report on Monday, November 8th. They issued a neutral rating on the stock. Zelman & Associates raised Dream Finders Homes from a sell rating to a hold rating in a research report on Wednesday, September 15th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Dream Finders Homes has a consensus rating of Hold and an average price target of $19.50.

Shares of NASDAQ DFH opened at $19.72 on Tuesday. Dream Finders Homes has a 12 month low of $15.25 and a 12 month high of $36.60. The firm has a fifty day simple moving average of $18.37 and a two-hundred day simple moving average of $19.22.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Wednesday, November 10th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.29). The business had revenue of $362.98 million during the quarter, compared to analysts’ expectations of $615.20 million. Dream Finders Homes had a return on equity of 37.92% and a net margin of 6.66%. Equities research analysts expect that Dream Finders Homes will post 1.19 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in DFH. AXS Investments LLC purchased a new stake in Dream Finders Homes during the 3rd quarter valued at $47,674,000. Cooke & Bieler LP purchased a new stake in Dream Finders Homes during the 3rd quarter valued at $26,098,000. Wasatch Advisors Inc. purchased a new stake in Dream Finders Homes during the 2nd quarter valued at $22,739,000. Timucuan Asset Management Inc. FL raised its stake in Dream Finders Homes by 257.0% during the 3rd quarter. Timucuan Asset Management Inc. FL now owns 1,207,300 shares of the company’s stock valued at $20,923,000 after buying an additional 869,159 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Dream Finders Homes during the 3rd quarter valued at $7,058,000. Institutional investors and hedge funds own 18.68% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. The company designs, builds, and sells single family attached and detached homes in Jacksonville, Orlando, Denver, the Washington DC metropolitan area, and Austin, as well as in Charlotte and Raleigh.

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