Dream Finders Homes (NASDAQ:DFH) Shares Up 9.7% – Here’s Why

Dream Finders Homes, Inc. (NASDAQ:DFH) shot up 9.7% during mid-day trading on Friday . The stock traded as high as $19.31 and last traded at $19.3490. 391,148 shares were traded during mid-day trading, a decline of 25% from the average session volume of 520,160 shares. The stock had previously closed at $17.64.

Analyst Ratings Changes

DFH has been the topic of a number of research analyst reports. Citigroup initiated coverage on Dream Finders Homes in a research report on Wednesday. They set a “market perform” rating on the stock. Citizens Jmp initiated coverage on Dream Finders Homes in a research report on Wednesday. They set a “market perform” rating on the stock. Zelman & Associates raised Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. Bank of America lowered their target price on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, October 10th. Finally, BTIG Research assumed coverage on shares of Dream Finders Homes in a research report on Monday, December 1st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Dream Finders Homes currently has an average rating of “Hold” and an average target price of $26.00.

Dream Finders Homes Stock Up 11.2%

The company has a fifty day moving average of $18.59 and a two-hundred day moving average of $23.69. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 1.28 and a beta of 1.86.

Institutional Investors Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of DFH. Russell Investments Group Ltd. lifted its stake in shares of Dream Finders Homes by 11.9% in the second quarter. Russell Investments Group Ltd. now owns 3,777 shares of the company’s stock valued at $95,000 after purchasing an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dream Finders Homes by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock valued at $374,000 after buying an additional 681 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Dream Finders Homes by 701.7% during the 3rd quarter. Fifth Third Bancorp now owns 946 shares of the company’s stock valued at $25,000 after acquiring an additional 828 shares during the period. Creative Planning boosted its stake in shares of Dream Finders Homes by 10.2% during the 3rd quarter. Creative Planning now owns 9,028 shares of the company’s stock worth $234,000 after acquiring an additional 832 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Dream Finders Homes by 4.9% in the 3rd quarter. Victory Capital Management Inc. now owns 18,166 shares of the company’s stock worth $471,000 after acquiring an additional 854 shares during the period. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

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.