Wedbush Reiterates “Neutral” Rating for Dream Finders Homes (NASDAQ:DFH)

Dream Finders Homes (NASDAQ:DFH)‘s stock had its “neutral” rating reaffirmed by stock analysts at Wedbush in a research report issued on Thursday, RTT News reports. They presently have a $24.00 target price on the stock. Wedbush’s price target points to a potential downside of 23.15% from the company’s previous close.

Several other research firms have also recently issued reports on DFH. TheStreet upgraded Dream Finders Homes from a “c” rating to a “b” rating in a research report on Friday, March 1st. Bank of America raised their price target on Dream Finders Homes from $29.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd.

Dream Finders Homes Stock Performance

Shares of NASDAQ:DFH traded down $1.05 during midday trading on Thursday, reaching $31.23. 1,026,591 shares of the company’s stock traded hands, compared to its average volume of 428,996. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.87 and a beta of 2.05. Dream Finders Homes has a one year low of $15.28 and a one year high of $44.38. The stock has a 50 day moving average of $38.20 and a 200 day moving average of $32.07.

Dream Finders Homes (NASDAQ:DFH) last released its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.11). Dream Finders Homes had a return on equity of 35.61% and a net margin of 7.91%. The business had revenue of $827.80 million for the quarter, compared to analysts’ expectations of $886.34 million. During the same quarter in the prior year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Sell-side analysts predict that Dream Finders Homes will post 3.45 EPS for the current fiscal year.

Insider Buying and Selling at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the sale, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick O. Zalupski sold 30,433 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $34.81, for a total value of $1,059,372.73. Following the completion of the sale, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at approximately $47,271,214.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 24,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $31.59, for a total value of $770,796.00. Following the completion of the sale, the chief executive officer now directly owns 1,615,376 shares of the company’s stock, valued at $51,029,727.84. The disclosure for this sale can be found here. Insiders sold 277,812 shares of company stock worth $10,552,415 in the last quarter. 70.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DFH. Naples Money Management LLC bought a new stake in Dream Finders Homes during the 1st quarter valued at $25,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Dream Finders Homes by 926.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after buying an additional 1,103 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Dream Finders Homes in the fourth quarter valued at about $46,000. Avalon Trust Co purchased a new stake in Dream Finders Homes in the fourth quarter worth about $48,000. Finally, Global Retirement Partners LLC grew its holdings in Dream Finders Homes by 1,000.0% during the 1st quarter. Global Retirement Partners LLC now owns 2,200 shares of the company’s stock worth $96,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.