Dream Finders Homes (NASDAQ:DFH) Trading Down 10.9%

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Dream Finders Homes, Inc. (NASDAQ:DFHGet Rating)’s share price fell 10.9% during mid-day trading on Friday . The stock traded as low as $10.33 and last traded at $10.53. 3,731 shares were traded during mid-day trading, a decline of 98% from the average session volume of 216,147 shares. The stock had previously closed at $11.82.

Several brokerages have recently issued reports on DFH. Royal Bank of Canada cut their target price on shares of Dream Finders Homes from $19.00 to $18.00 and set a “sector perform” rating on the stock in a report on Friday, March 25th. Bank of America cut shares of Dream Finders Homes from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $10.50 in a report on Friday.

The business has a 50 day moving average of $16.70 and a 200 day moving average of $18.18. The company has a market cap of $1.00 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.13 and a beta of -0.03.

Dream Finders Homes (NASDAQ:DFHGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. Dream Finders Homes had a return on equity of 39.42% and a net margin of 6.63%. The company had revenue of $664.10 million during the quarter, compared to analyst estimates of $611.75 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 93.2% on a year-over-year basis. As a group, research analysts predict that Dream Finders Homes, Inc. will post 2.59 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Dream Finders Homes by 92.2% during the first quarter. Bank of America Corp DE now owns 5,467 shares of the company’s stock valued at $94,000 after buying an additional 2,623 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Dream Finders Homes by 12.3% in the 1st quarter. Rehmann Capital Advisory Group now owns 39,591 shares of the company’s stock worth $676,000 after purchasing an additional 4,327 shares during the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Dream Finders Homes in the 1st quarter worth about $547,000. Mirabella Financial Services LLP purchased a new position in shares of Dream Finders Homes in the 1st quarter worth about $204,000. Finally, Jane Street Group LLC raised its position in shares of Dream Finders Homes by 233.8% in the 1st quarter. Jane Street Group LLC now owns 20,069 shares of the company’s stock worth $343,000 after purchasing an additional 35,069 shares during the last quarter. 17.29% of the stock is owned by institutional investors and hedge funds.

About Dream Finders Homes (NASDAQ:DFH)

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

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