Dream Finders Homes (NYSE:DFH) Stock Falls 13% – Should You Sell?

Dream Finders Homes, Inc. (NYSE:DFH)’s share price dropped 13% during trading on Wednesday. The company traded as low as $7.93 and last traded at $8.0250. 867,774 shares were traded during mid-day trading, an increase of 22% from the average daily volume of 711,913 shares. The stock had previously closed at $9.22.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Dream Finders Homes in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Dream Finders Homes has an average rating of “Hold”.

Dream Finders Homes Price Performance

The firm’s 50-day simple moving average is $12.47 and its two-hundred day simple moving average is $14.04. The company has a market capitalization of $764.32 million, a price-to-earnings ratio of 5.19 and a beta of 1.91.

Dream Finders Homes (NYSE:DFH) last issued its earnings results on Thursday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. The company had revenue of $1.06 billion during the quarter. Dream Finders Homes had a net margin of 3.55% and a return on equity of 10.38%.

Insider Transactions at Dream Finders Homes

In other news, Director Richard Beckwitt acquired 70,000 shares of Dream Finders Homes stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $13.95 per share, with a total value of $976,500.00. Following the completion of the acquisition, the director owned 70,000 shares in the company, valued at $976,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 103,000 shares of company stock worth $1,427,755 over the last ninety days. Insiders own 65.97% of the company’s stock.

Institutional Trading of Dream Finders Homes

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Dream Finders Homes by 19.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,449,308 shares of the company’s stock worth $20,173,000 after buying an additional 234,899 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Dream Finders Homes in the 2nd quarter worth about $2,833,000. Janus Henderson Group PLC grew its stake in Dream Finders Homes by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,876,795 shares of the company’s stock valued at $26,125,000 after acquiring an additional 92,691 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Dream Finders Homes in the 1st quarter valued at about $4,800,000. Finally, Bank of America Corp DE increased its holdings in Dream Finders Homes by 51.5% during the 1st quarter. Bank of America Corp DE now owns 146,119 shares of the company’s stock valued at $2,034,000 after acquiring an additional 49,694 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

About Dream Finders Homes

Dream Finders Homes, Inc is a residential homebuilder that designs, constructs and sells single-family homes. The company offers a range of home plans and options intended for first-time, move-up and luxury buyers, with homes typically sold through a build-to-order model as well as from completed inventory. Its operations also include the development and acquisition of residential lots for use in its homebuilding activities.

Founded in 2008, Dream Finders Homes has expanded through organic growth and acquisitions into multiple housing markets across the United States.