Wedbush Reaffirms “Neutral” Rating for Dream Finders Homes (NASDAQ:DFH)

Wedbush reiterated their neutral rating on shares of Dream Finders Homes (NASDAQ:DFH) in a research report report published on Thursday morning, RTT News reports. They currently have a $24.00 price objective on the stock.

Several other research firms have also recently commented on DFH. Bank of America raised their price target on Dream Finders Homes from $29.00 to $45.00 and gave the company a neutral rating in a report on Tuesday, April 2nd. TheStreet upgraded shares of Dream Finders Homes from a c rating to a b rating in a research report on Friday, March 1st.

Dream Finders Homes Price Performance

NASDAQ:DFH opened at $31.23 on Thursday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.84 and a beta of 2.05. The firm’s fifty day moving average price is $38.20 and its 200 day moving average price is $32.24. Dream Finders Homes has a 1-year low of $15.28 and a 1-year high of $44.38.

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

Insider Buying and Selling at Dream Finders Homes

In related news, Director Justin Udelhofen sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.69, for a total value of $892,250.00. Following the sale, the director now owns 30,376 shares of the company’s stock, valued at approximately $1,084,119.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Justin Udelhofen sold 25,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $35.69, for a total value of $892,250.00. Following the completion of the transaction, the director now owns 30,376 shares of the company’s stock, valued at approximately $1,084,119.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Len Sturm sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $38.59, for a total transaction of $38,590.00. Following the completion of the transaction, the director now owns 15,803 shares in the company, valued at $609,837.77. The disclosure for this sale can be found here. Insiders have sold 250,334 shares of company stock valued at $9,703,070 over the last quarter. Corporate insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

Hedge funds and other institutional investors have recently bought and sold shares of the company. Naples Money Management LLC acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Dream Finders Homes in the fourth quarter valued at $46,000. Avalon Trust Co purchased a new stake in Dream Finders Homes during the fourth quarter valued at about $48,000. Benjamin F. Edwards & Company Inc. increased its stake in Dream Finders Homes by 926.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after acquiring an additional 1,103 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dream Finders Homes by 51.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock valued at $84,000 after purchasing an additional 1,295 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other 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.