Dream Finders Homes (NASDAQ:DFH) Shares Gap Up – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $23.56, but opened at $25.33. Dream Finders Homes shares last traded at $24.62, with a volume of 62,382 shares.

Analyst Ratings Changes

Separately, Bank of America increased their target price on shares of Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th.

Dream Finders Homes Trading Up 2.8 %

The stock’s 50-day moving average is $27.72 and its 200-day moving average is $30.05. The stock has a market cap of $2.26 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.69 and a beta of 2.02.

Dream Finders Homes (NASDAQ:DFH) last announced its earnings results on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). The company had revenue of $986.26 million during the quarter, compared to the consensus estimate of $1.07 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, equities analysts forecast that Dream Finders Homes, Inc. will post 3.35 EPS for the current year.

Insider Activity

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,119 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total transaction of $602,637.94. Following the completion of the sale, the chief executive officer now directly owns 2,003,125 shares of the company’s stock, valued at approximately $66,623,937.50. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Radford Lovett II sold 10,492 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $33.66, for a total transaction of $353,160.72. Following the sale, the director now directly owns 4,667,800 shares of the company’s stock, valued at $157,118,148. This represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,850 shares of company stock worth $4,304,470. Corporate insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

A number of hedge funds have recently bought and sold shares of DFH. Janus Henderson Group PLC lifted its position in shares of Dream Finders Homes by 2,502.1% in the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock worth $24,974,000 after purchasing an additional 663,180 shares in the last quarter. Geode Capital Management LLC raised its position in Dream Finders Homes by 6.7% during the third quarter. Geode Capital Management LLC now owns 622,342 shares of the company’s stock valued at $22,539,000 after acquiring an additional 39,130 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Dream Finders Homes by 55.4% during the second quarter. Dimensional Fund Advisors LP now owns 420,592 shares of the company’s stock valued at $10,859,000 after acquiring an additional 150,026 shares in the last quarter. Renaissance Technologies LLC raised its position in Dream Finders Homes by 57.9% during the second quarter. Renaissance Technologies LLC now owns 343,110 shares of the company’s stock valued at $8,859,000 after acquiring an additional 125,800 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Dream Finders Homes by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 235,700 shares of the company’s stock valued at $5,485,000 after acquiring an additional 15,100 shares in the last quarter. 95.55% of the stock is 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.