Dream Finders Homes (NASDAQ:DFH) Shares Down 4.2% – Here’s Why

by · The Cerbat Gem

Dream Finders Homes, Inc. (NASDAQ:DFH – Get Free Report)’s share price dropped 4.2% during trading on Friday . The company traded as low as $17.88 and last traded at $17.6650. Approximately 35,114 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 411,939 shares. The stock had previously closed at $18.44.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Bank of America decreased their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, October 10th. Zelman & Associates raised Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. Finally, BTIG Research began coverage on shares of Dream Finders Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Dream Finders Homes currently has an average rating of “Hold” and an average target price of $26.00.

Read Our Latest Report on DFH

Dream Finders Homes Trading Down 3.5%

The stock has a market cap of $1.65 billion, a PE ratio of 5.81, a PEG ratio of 1.28 and a beta of 1.85. The firm has a fifty day simple moving average of $20.22 and a two-hundred day simple moving average of $24.20.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,794 shares of Dream Finders Homes stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $25.93, for a total transaction of $176,168.42. Following the completion of the sale, the chief executive officer directly owned 1,891,672 shares in the company, valued at $49,051,054.96. The trade was a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 68.16% of the stock is owned by corporate insiders.

Institutional Trading of Dream Finders Homes

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Dream Finders Homes during the 2nd quarter worth $12,388,000. Cooke & Bieler LP increased its stake in Dream Finders Homes by 12.9% in the second quarter. Cooke & Bieler LP now owns 2,459,600 shares of the company’s stock valued at $61,810,000 after acquiring an additional 280,510 shares during the last quarter. Elgethun Capital Management raised its position in Dream Finders Homes by 145.3% during the second quarter. Elgethun Capital Management now owns 454,112 shares of the company’s stock valued at $11,412,000 after purchasing an additional 269,024 shares in the last quarter. Millennium Management LLC raised its position in Dream Finders Homes by 1,029.5% during the third quarter. Millennium Management LLC now owns 127,331 shares of the company’s stock valued at $3,300,000 after purchasing an additional 116,058 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Dream Finders Homes by 8.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,137,490 shares of the company’s stock worth $29,485,000 after purchasing an additional 88,060 shares during the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

About Dream Finders Homes

(Get Free Report)

Dream Finders Homes is a residential homebuilder specializing in the design, development and construction of single-family and multifamily communities across the United States. Through its in-house Design Studio, the company offers a range of home collections that blend architectural styles with customizable floor plans, allowing buyers to tailor finishes and features to suit their lifestyle preferences. In addition to core construction services, Dream Finders provides integrated mortgage and title services, streamlining the homebuying process for its clients.

Founded in 2007 and headquartered in St.

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