Dream Finders Homes (NASDAQ:DFH) Shares Gap Down After Earnings Miss

Dream Finders Homes, Inc. (NASDAQ:DFH)’s share price gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $35.66, but opened at $33.01. Dream Finders Homes shares last traded at $32.03, with a volume of 144,955 shares changing hands.

The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11). Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. The firm had revenue of $827.80 million for the quarter, compared to the consensus estimate of $886.34 million. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wedbush reiterated a “neutral” rating and issued a $24.00 price target on shares of Dream Finders Homes in a report on Thursday. TheStreet upgraded Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st. Finally, Bank of America lifted their target price on Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 27,478 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $30.91, for a total value of $849,344.98. Following the transaction, the chief executive officer now owns 1,660,407 shares of the company’s stock, valued at $51,323,180.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Patrick O. Zalupski sold 34,961 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $42.46, for a total value of $1,484,444.06. Following the completion of the sale, the chief executive officer now owns 1,428,742 shares of the company’s stock, valued at approximately $60,664,385.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick O. Zalupski sold 27,478 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $30.91, for a total transaction of $849,344.98. Following the transaction, the chief executive officer now owns 1,660,407 shares in the company, valued at $51,323,180.37. The disclosure for this sale can be found here. Insiders have sold 277,812 shares of company stock worth $10,552,415 in the last three months. Corporate insiders own 70.45% of the company’s stock.

Institutional Trading of Dream Finders Homes

Hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. purchased a new stake in shares of Dream Finders Homes during the fourth quarter valued at about $13,324,000. Norden Group LLC grew its holdings in Dream Finders Homes by 2,580.6% in the first quarter. Norden Group LLC now owns 321,453 shares of the company’s stock worth $14,057,000 after purchasing an additional 309,461 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in shares of Dream Finders Homes during the 4th quarter valued at $6,826,000. Axiom Investors LLC DE purchased a new stake in shares of Dream Finders Homes during the 4th quarter valued at $6,718,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dream Finders Homes by 5,612.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 118,124 shares of the company’s stock worth $4,197,000 after purchasing an additional 116,056 shares in the last quarter. Hedge funds and other institutional investors own 95.55% of the company’s stock.

Dream Finders Homes Stock Performance

The company has a 50 day moving average of $38.29 and a two-hundred day moving average of $32.00. The stock has a market capitalization of $2.91 billion, a PE ratio of 10.94, a P/E/G ratio of 0.87 and a beta of 2.05.

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.