Dream Finders Homes (NASDAQ:DFH) Shares Gap Down to $12.79

Posted by on Jun 16th, 2022

Dream Finders Homes, Inc. (NASDAQ:DFH – Get Rating) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.79, but opened at $12.03. Dream Finders Homes shares last traded at $11.80, with a volume of 606 shares traded.

Separately, Royal Bank of Canada dropped their target price on Dream Finders Homes from $19.00 to $18.00 and set a “sector perform” rating for the company in a research report on Friday, March 25th.

The stock has a market capitalization of $1.07 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.15 and a beta of -0.03. The company has a 50 day simple moving average of $16.79 and a 200-day simple moving average of $18.22.

Dream Finders Homes (NASDAQ:DFH – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. Dream Finders Homes had a return on equity of 39.42% and a net margin of 6.63%. The firm had revenue of $664.10 million during the quarter, compared to analyst estimates of $611.75 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue was up 93.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Dream Finders Homes, Inc. will post 2.59 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of DFH. EMC Capital Management increased its stake in Dream Finders Homes by 8.5% in the 4th quarter. EMC Capital Management now owns 54,397 shares of the company’s stock worth $1,058,000 after buying an additional 4,281 shares in the last quarter. Arcus Capital Partners LLC raised its stake in shares of Dream Finders Homes by 8.6% during the fourth quarter. Arcus Capital Partners LLC now owns 2,987,027 shares of the company’s stock valued at $58,098,000 after acquiring an additional 236,083 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Dream Finders Homes by 187.5% in the third quarter. Rehmann Capital Advisory Group now owns 35,264 shares of the company’s stock worth $611,000 after buying an additional 23,000 shares in the last quarter. Red Cedar Capital LLC grew its holdings in Dream Finders Homes by 0.8% in the fourth quarter. Red Cedar Capital LLC now owns 169,425 shares of the company’s stock worth $3,295,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Dream Finders Homes by 8.8% during the third quarter. Goldman Sachs Group Inc. now owns 28,513 shares of the company’s stock valued at $494,000 after buying an additional 2,310 shares during the last quarter. Institutional investors own 17.29% of the company’s stock.

Dream Finders Homes Company Profile (NASDAQ:DFH)

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

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