Bank of America Cuts Dream Finders Homes (NASDAQ:DFH) Price Target to $32.00

Dream Finders Homes (NASDAQ:DFH) had its price objective cut by Bank of America from $33.00 to $32.00 in a report published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Dream Finders Homes Stock Down 3.0 %

DFH stock opened at $23.37 on Monday. The business’s 50-day moving average price is $26.55 and its 200-day moving average price is $29.93. The stock has a market cap of $2.18 billion, a P/E ratio of 7.64, a PEG ratio of 0.79 and a beta of 2.02. Dream Finders Homes has a twelve month low of $21.42 and a twelve month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.14). The firm had revenue of $986.26 million for the quarter, compared to analysts’ expectations of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. On average, equities research analysts expect that Dream Finders Homes will post 3.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,119 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total value of $602,637.94. Following the transaction, the chief executive officer now owns 2,003,125 shares of the company’s stock, valued at approximately $66,623,937.50. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 68,252 shares of company stock valued at $2,094,199 over the last ninety days. 70.45% of the stock is currently owned by company insiders.

Institutional Trading of Dream Finders Homes

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Dream Finders Homes during the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB bought a new position in Dream Finders Homes during the third quarter valued at approximately $63,000. ORG Wealth Partners LLC purchased a new position in Dream Finders Homes during the 3rd quarter valued at approximately $105,000. FMR LLC increased its stake in Dream Finders Homes by 99.4% in the 3rd quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after acquiring an additional 1,468 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of Dream Finders Homes by 84.2% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock worth $127,000 after acquiring an additional 1,600 shares in the last quarter. 95.55% of the stock is currently owned by institutional investors.

Dream Finders Homes Company Profile

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.