Dream Finders Homes (NYSE:DFH) Shares Down 9.4% – Here’s What Happened

Dream Finders Homes, Inc. (NYSE:DFHGet Free Report)’s share price traded down 9.4% during trading on Tuesday . The company traded as low as $13.55 and last traded at $13.6240. 214,002 shares traded hands during trading, a decline of 65% from the average session volume of 607,325 shares. The stock had previously closed at $15.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Weiss Ratings cut Dream Finders Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, April 29th. Zacks Research cut Dream Finders Homes from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. Finally, Wall Street Zen cut Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Check Out Our Latest Report on Dream Finders Homes

Dream Finders Homes Stock Performance

The business has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $17.50. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 1.34 and a beta of 1.85.

Dream Finders Homes (NYSE:DFHGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.15). Dream Finders Homes had a return on equity of 12.65% and a net margin of 4.16%.The firm had revenue of $887.84 million during the quarter.

Hedge Funds Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in shares of Dream Finders Homes by 701.7% in the third quarter. Fifth Third Bancorp now owns 946 shares of the company’s stock valued at $25,000 after buying an additional 828 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Dream Finders Homes by 154.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,674 shares of the company’s stock valued at $29,000 after buying an additional 1,015 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Dream Finders Homes in the third quarter valued at about $39,000. State of Wyoming acquired a new stake in shares of Dream Finders Homes in the first quarter valued at about $54,000. Finally, Larson Financial Group LLC increased its stake in shares of Dream Finders Homes by 4,853.5% in the third quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock valued at $91,000 after buying an additional 3,446 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

(Get Free Report)

Dream Finders Homes is a residential homebuilder that specializes in the design, marketing and construction of single‐family homes, townhomes and condominiums. The company operates a semi‐custom building model that allows homebuyers to select from a range of floor plans and interior finishes, blending the efficiency of production building with the appeal of personalized design options. Dream Finders Homes emphasizes customer engagement through design studios and online tools, guiding buyers through each stage of the homebuilding process from lot selection to move-in.

Since its founding in 2015, Dream Finders Homes has focused on master‐planned and mixed-use communities, often collaborating with community developers to create integrated neighborhoods.

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