Dream Finders Homes (NASDAQ:DFH) Shares Down 1.1% – Here’s What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price fell 1.1% on Friday . The stock traded as low as $17.94 and last traded at $18.40. 442,985 shares were traded during trading, a decline of 0% from the average session volume of 443,762 shares. The stock had previously closed at $18.61.

Analysts Set New Price Targets

A number of brokerages have recently commented on DFH. Citigroup started coverage on Dream Finders Homes in a report on Wednesday, January 7th. They set a “market perform” rating on the stock. Citizens Jmp started coverage on shares of Dream Finders Homes in a research note on Wednesday, January 7th. They set a “market perform” rating on the stock. Bank of America reduced their price target on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, October 10th. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 12th. Finally, BTIG Research assumed coverage on Dream Finders Homes in a report on Monday, December 1st. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Price Performance

The company has a fifty day simple moving average of $18.73 and a 200-day simple moving average of $22.92. The company has a market cap of $1.71 billion, a P/E ratio of 6.01, a PEG ratio of 1.28 and a beta of 1.86.

Hedge Funds Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its stake in Dream Finders Homes by 701.7% in the 3rd quarter. Fifth Third Bancorp now owns 946 shares of the company’s stock worth $25,000 after purchasing an additional 828 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Dream Finders Homes in the third quarter valued at $39,000. Nisa Investment Advisors LLC boosted its position in Dream Finders Homes by 164.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,792 shares of the company’s stock worth $45,000 after acquiring an additional 1,114 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Dream Finders Homes by 4,853.5% during the third quarter. Larson Financial Group LLC now owns 3,517 shares of the company’s stock worth $91,000 after purchasing an additional 3,446 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Dream Finders Homes by 11.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after buying an additional 402 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

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.