Dream Finders Homes (NASDAQ:DFH) Reaches New 12-Month Low – Here’s What Happened

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price reached a new 52-week low during trading on Saturday . The company traded as low as $17.61 and last traded at $17.97, with a volume of 1438439 shares traded. The stock had previously closed at $18.44.

Wall Street Analysts Forecast Growth

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

Dream Finders Homes Stock Performance

The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85. The business’s 50 day simple moving average is $20.11 and its 200-day simple moving average is $24.18.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 7,443 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $26.04, for a total value of $193,815.72. Following the completion of the transaction, the chief executive officer directly owned 1,898,466 shares of the company’s stock, valued at $49,436,054.64. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 68.16% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Cooke & Bieler LP raised its stake in shares of Dream Finders Homes by 0.4% during the third quarter. Cooke & Bieler LP now owns 2,470,118 shares of the company’s stock valued at $64,025,000 after purchasing an additional 10,518 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dream Finders Homes by 8.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,137,490 shares of the company’s stock worth $29,485,000 after acquiring an additional 88,060 shares during the period. Fenimore Asset Management Inc lifted its stake in shares of Dream Finders Homes by 3.4% in the 2nd quarter. Fenimore Asset Management Inc now owns 688,292 shares of the company’s stock worth $17,297,000 after acquiring an additional 22,871 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dream Finders Homes by 7.3% in the second quarter. Geode Capital Management LLC now owns 685,435 shares of the company’s stock valued at $17,226,000 after acquiring an additional 46,538 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dream Finders Homes by 3.1% during the first quarter. Invesco Ltd. now owns 523,563 shares of the company’s stock valued at $11,812,000 after acquiring an additional 15,660 shares during the period. 95.55% of the stock is owned by institutional investors and hedge funds.

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.