Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski Sells 18,214 Shares

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dream Finders Homes Price Performance

NASDAQ DFH traded down $1.68 during mid-day trading on Thursday, reaching $23.70. 1,607,656 shares of the stock were exchanged, compared to its average volume of 469,729. The stock has a market cap of $2.22 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.72 and a beta of 1.93. The stock has a 50 day simple moving average of $31.22 and a 200-day simple moving average of $30.45. Dream Finders Homes, Inc. has a one year low of $22.95 and a one year high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.14). Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The business had revenue of $986.26 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts anticipate that Dream Finders Homes, Inc. will post 3.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Bank of America increased their price target on Dream Finders Homes from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th.

Hedge Funds Weigh In On Dream Finders Homes

Several institutional investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. bought a new stake in shares of Dream Finders Homes in the 2nd quarter valued at $5,058,000. Allspring Global Investments Holdings LLC boosted its stake in Dream Finders Homes by 44.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 157,611 shares of the company’s stock worth $4,070,000 after acquiring an additional 48,270 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Dream Finders Homes by 16.8% in the second quarter. Principal Financial Group Inc. now owns 18,817 shares of the company’s stock worth $486,000 after purchasing an additional 2,705 shares during the period. Azzad Asset Management Inc. ADV bought a new stake in Dream Finders Homes in the second quarter valued at $442,000. Finally, Rothschild Investment LLC acquired a new position in shares of Dream Finders Homes during the second quarter valued at about $469,000. 95.55% of the stock is owned by institutional investors and hedge funds.

About Dream Finders Homes

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.