Dream Finders Homes (NASDAQ:DFH) Hits New 12-Month Low – What’s Next?

Dream Finders Homes, Inc. (NASDAQ:DFH)’s stock price reached a new 52-week low on Thursday . The company traded as low as $20.54 and last traded at $21.01, with a volume of 419282 shares. The stock had previously closed at $21.78.

Analyst Upgrades and Downgrades

Separately, Bank of America decreased their price objective on shares of Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Dream Finders Homes Price Performance

The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.30 and a beta of 2.01. The business has a fifty day simple moving average of $24.42 and a 200 day simple moving average of $29.33.

Insider Activity at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 18,214 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the transaction, the chief executive officer now directly owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 70.45% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Dream Finders Homes in the 3rd quarter worth $33,000. First Horizon Advisors Inc. increased its position in Dream Finders Homes by 93.9% during the fourth quarter. First Horizon Advisors Inc. now owns 1,173 shares of the company’s stock worth $27,000 after purchasing an additional 568 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Dream Finders Homes during the third quarter worth about $63,000. FMR LLC raised its stake in Dream Finders Homes by 99.4% during the third quarter. FMR LLC now owns 2,945 shares of the company’s stock worth $107,000 after purchasing an additional 1,468 shares during the period. Finally, nVerses Capital LLC boosted its holdings in Dream Finders Homes by 84.2% in the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the company’s stock valued at $127,000 after purchasing an additional 1,600 shares during the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

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.