Dream Finders Homes’ (DFH) “Neutral” Rating Reiterated at Wedbush

Wedbush reaffirmed their neutral rating on shares of Dream Finders Homes (NASDAQ:DFH) in a report issued on Thursday, RTT News reports. Wedbush currently has a $24.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Bank of America lifted their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a neutral rating in a research report on Tuesday, April 2nd. TheStreet raised Dream Finders Homes from a c rating to a b rating in a research report on Friday, March 1st.

Dream Finders Homes Stock Performance

NASDAQ DFH opened at $31.23 on Thursday. The company has a market cap of $2.91 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.84 and a beta of 2.05. The business’s 50 day moving average price is $38.20 and its 200-day moving average price is $32.24. Dream Finders Homes has a fifty-two week low of $15.28 and a fifty-two week high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The company had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities analysts predict that Dream Finders Homes will post 3.45 EPS for the current year.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 24,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total value of $770,796.00. Following the sale, the chief executive officer now owns 1,615,376 shares in the company, valued at $51,029,727.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Patrick O. Zalupski sold 24,400 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $31.59, for a total value of $770,796.00. Following the completion of the transaction, the chief executive officer now owns 1,615,376 shares of the company’s stock, valued at approximately $51,029,727.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 30,433 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the transaction, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The disclosure for this sale can be found here. Insiders sold 250,334 shares of company stock worth $9,703,070 in the last 90 days. Insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in Dream Finders Homes during the 4th quarter worth approximately $13,324,000. Norden Group LLC raised its stake in Dream Finders Homes by 2,580.6% in the 1st quarter. Norden Group LLC now owns 321,453 shares of the company’s stock valued at $14,057,000 after purchasing an additional 309,461 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in Dream Finders Homes during the 4th quarter worth $6,826,000. Axiom Investors LLC DE purchased a new stake in shares of Dream Finders Homes during the fourth quarter worth $6,718,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Dream Finders Homes by 5,612.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 118,124 shares of the company’s stock valued at $4,197,000 after buying an additional 116,056 shares during the last quarter. 95.55% of the stock is currently owned by hedge funds and other institutional investors.

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.