Insider Selling: Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Sells 23,479 Shares of Stock

Dream Finders Homes, Inc. (NASDAQ:DFH) CEO Patrick O. Zalupski sold 23,479 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $30.27, for a total transaction of $710,709.33. Following the completion of the sale, the chief executive officer now owns 1,300,973 shares of the company’s stock, valued at approximately $39,380,452.71. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Dream Finders Homes Stock Down 3.8 %

Shares of NASDAQ:DFH opened at $27.57 on Thursday. The firm has a fifty day moving average of $36.01 and a two-hundred day moving average of $33.09. The firm has a market capitalization of $2.57 billion, a P/E ratio of 9.35, a price-to-earnings-growth ratio of 0.61 and a beta of 2.05. Dream Finders Homes, Inc. has a 12-month low of $16.58 and a 12-month high of $44.38.

Dream Finders Homes (NASDAQ:DFH) last issued its earnings results on Thursday, May 2nd. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11). The company had revenue of $827.80 million for the quarter, compared to analyst estimates of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 34.31%. The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Equities research analysts expect that Dream Finders Homes, Inc. will post 3.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors have recently modified their holdings of DFH. Naples Money Management LLC acquired a new stake in shares of Dream Finders Homes in the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Dream Finders Homes in the 4th quarter valued at $46,000. Avalon Trust Co acquired a new stake in shares of Dream Finders Homes in the 4th quarter valued at $48,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Dream Finders Homes by 926.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock valued at $54,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Dream Finders Homes by 51.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,801 shares of the company’s stock valued at $84,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DFH shares. Bank of America raised their price objective on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. TheStreet raised shares of Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st. Wedbush reaffirmed a “neutral” rating and issued a $24.00 price objective on shares of Dream Finders Homes in a research note on Thursday, May 2nd. Finally, Zelman & Associates raised shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective for the company in a research note on Monday, May 13th.

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.