Dream Finders Homes (NASDAQ:DFH) Reaches New 52-Week Low – Should You Sell?

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) hit a new 52-week low during trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

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

Dream Finders Homes Price Performance

The stock has a 50 day simple moving average of $24.42 and a two-hundred day simple moving average of $29.33. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.30 and a beta of 2.01.

Insider Transactions at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 18,119 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $33.26, for a total value of $602,637.94. Following the completion of the transaction, the chief executive officer now owns 2,003,125 shares in the company, valued at approximately $66,623,937.50. This represents a 0.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 70.45% of the company’s stock.

Institutional Investors Weigh In On Dream Finders Homes

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC increased its position in Dream Finders Homes by 2,502.1% during the third quarter. Janus Henderson Group PLC now owns 689,685 shares of the company’s stock worth $24,974,000 after buying an additional 663,180 shares during the period. Vanguard Group Inc. grew its position in shares of Dream Finders Homes by 24.0% during the fourth quarter. Vanguard Group Inc. now owns 3,127,977 shares of the company’s stock worth $72,788,000 after acquiring an additional 605,508 shares during the last quarter. Cooke & Bieler LP increased its holdings in shares of Dream Finders Homes by 19.7% in the 4th quarter. Cooke & Bieler LP now owns 2,196,975 shares of the company’s stock valued at $51,124,000 after acquiring an additional 361,616 shares during the period. Arcus Capital Partners LLC raised its position in Dream Finders Homes by 21.1% in the 4th quarter. Arcus Capital Partners LLC now owns 2,061,341 shares of the company’s stock valued at $47,967,000 after purchasing an additional 359,659 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Dream Finders Homes by 762.2% during the 4th quarter. Principal Financial Group Inc. now owns 150,648 shares of the company’s stock worth $3,506,000 after purchasing an additional 133,176 shares during the period. 95.55% of the stock is currently 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.