Dream Finders Homes (NASDAQ:DFH) Shares Gap Up to $34.30

Dream Finders Homes, Inc. (NASDAQ:DFH) gapped up before the market opened on Thursday . The stock had previously closed at $34.30, but opened at $35.34. Dream Finders Homes shares last traded at $34.49, with a volume of 33,864 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a report on Friday, March 1st. Bank of America lifted their price objective on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd.

Dream Finders Homes Stock Up 1.6 %

The stock has a fifty day simple moving average of $37.82 and a 200-day simple moving average of $31.02. The company has a market capitalization of $3.25 billion, a P/E ratio of 12.20, a PEG ratio of 0.94 and a beta of 1.99.

Dream Finders Homes (NASDAQ:DFH) last released its quarterly earnings results on Thursday, February 29th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.29. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $898.68 million. Dream Finders Homes had a return on equity of 36.62% and a net margin of 7.89%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. Analysts predict that Dream Finders Homes, Inc. will post 3.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dream Finders Homes news, CFO Lorena Anabel Fernandez sold 924 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $38.50, for a total transaction of $35,574.00. Following the completion of the sale, the chief financial officer now directly owns 139,172 shares of the company’s stock, valued at approximately $5,358,122. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dream Finders Homes news, CFO Lorena Anabel Fernandez sold 924 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $38.50, for a total transaction of $35,574.00. Following the completion of the sale, the chief financial officer now directly owns 139,172 shares of the company’s stock, valued at approximately $5,358,122. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief executive officer now directly owns 1,615,376 shares of the company’s stock, valued at $51,029,727.84. The disclosure for this sale can be found here. In the last three months, insiders sold 247,379 shares of company stock valued at $9,493,042. 74.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dream Finders Homes

Several institutional investors have recently modified their holdings of DFH. Cannon Global Investment Management LLC acquired a new position in shares of Dream Finders Homes in the 1st quarter valued at approximately $227,000. Vanguard Group Inc. grew its position in shares of Dream Finders Homes by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,069,447 shares of the company’s stock valued at $73,527,000 after purchasing an additional 50,994 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Dream Finders Homes by 242.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 222,969 shares of the company’s stock valued at $7,922,000 after purchasing an additional 157,807 shares during the period. Virtu Financial LLC acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at approximately $543,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Dream Finders Homes in the 4th quarter valued at approximately $210,000. 95.55% of the stock is currently owned by institutional investors and hedge funds.

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.