Dream Finders Homes (NASDAQ:DFH) Reaches New 1-Year Low – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH) shares reached a new 52-week low on Thursday . The stock traded as low as $18.73 and last traded at $18.7540, with a volume of 315255 shares trading hands. The stock had previously closed at $19.33.

Analyst Ratings Changes

Separately, Bank of America dropped their target price on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Trading Up 0.5%

The stock has a market cap of $1.75 billion, a P/E ratio of 6.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85. The company’s fifty day simple moving average is $25.07 and its 200-day simple moving average is $24.86.

Insiders Place Their Bets

In other news, CEO Patrick O. Zalupski sold 6,794 shares of the stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $25.93, for a total value of $176,168.42. Following the completion of the transaction, the chief executive officer directly owned 1,891,672 shares of the company’s stock, valued at approximately $49,051,054.96. This represents a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 87,003 shares of company stock worth $2,403,305 over the last 90 days. 68.16% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds have recently added to or reduced their stakes in DFH. Fifth Third Bancorp lifted its stake in shares of Dream Finders Homes by 701.7% during the third quarter. Fifth Third Bancorp now owns 946 shares of the company’s stock valued at $25,000 after acquiring an additional 828 shares during the period. Quarry LP acquired a new position in Dream Finders Homes during the 1st quarter valued at about $40,000. Nisa Investment Advisors LLC boosted its stake in shares of Dream Finders Homes by 164.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Dream Finders Homes by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock worth $95,000 after buying an additional 402 shares during the period. Finally, State of Wyoming bought a new stake in shares of Dream Finders Homes during the second quarter worth approximately $123,000. Institutional investors 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.