Dream Finders Homes (NASDAQ:DFH) Reaches New 12-Month Low – Time to Sell?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $17.28 and last traded at $17.3410, with a volume of 235117 shares traded. The stock had previously closed at $17.86.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DFH. Bank of America lowered their price objective on Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. BTIG Research assumed coverage on shares of Dream Finders Homes in a research report on Monday, December 1st. They set a “neutral” rating for the company. Finally, Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Dream Finders Homes has an average rating of “Hold” and an average price target of $26.00.

Dream Finders Homes Stock Performance

The business’s 50 day moving average price is $19.53 and its 200-day moving average price is $24.04. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 5.67, a price-to-earnings-growth ratio of 1.28 and a beta of 1.85.

Insider Transactions at Dream Finders Homes

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

Hedge Funds Weigh In On Dream Finders Homes

A number of hedge funds and other institutional investors have recently bought and sold shares of DFH. Nuveen LLC acquired a new stake in shares of Dream Finders Homes during the 1st quarter worth approximately $1,742,000. Comerica Bank grew its stake in Dream Finders Homes by 14.1% during the 1st quarter. Comerica Bank now owns 10,628 shares of the company’s stock worth $240,000 after buying an additional 1,310 shares during the last quarter. Rafferty Asset Management LLC increased its position in Dream Finders Homes by 5.3% in the first quarter. Rafferty Asset Management LLC now owns 19,502 shares of the company’s stock worth $440,000 after buying an additional 974 shares during the period. Quarry LP acquired a new stake in Dream Finders Homes in the first quarter worth $40,000. Finally, Royal Bank of Canada lifted its stake in Dream Finders Homes by 39.3% in the first quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock valued at $232,000 after buying an additional 2,898 shares during the last quarter. 95.55% of the stock is currently 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.