Dream Finders Homes (NASDAQ:DFH) Shares Up 9.7% – Here’s Why

Shares of Dream Finders Homes, Inc. (NASDAQ:DFH) traded up 9.7% on Friday . The stock traded as high as $19.31 and last traded at $19.3490. 391,148 shares were traded during mid-day trading, a decline of 25% from the average session volume of 520,160 shares. The stock had previously closed at $17.64.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citizens Jmp started coverage on shares of Dream Finders Homes in a research report on Wednesday. They set a “market perform” rating on the stock. Citigroup began coverage on shares of Dream Finders Homes in a research note on Wednesday. They issued a “market perform” rating on the stock. Bank of America dropped their price objective on shares of Dream Finders Homes from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, October 10th. BTIG Research initiated coverage on Dream Finders Homes in a report on Monday, December 1st. They issued a “neutral” rating on the stock. Finally, Zelman & Associates raised Dream Finders Homes from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Dream Finders Homes Stock Performance

The business’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $23.65. The stock has a market capitalization of $1.82 billion, a P/E ratio of 6.41, a P/E/G ratio of 1.28 and a beta of 1.86.

Institutional Investors Weigh In On Dream Finders Homes

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of Dream Finders Homes by 39.3% during the 1st quarter. Royal Bank of Canada now owns 10,275 shares of the company’s stock valued at $232,000 after purchasing an additional 2,898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dream Finders Homes by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company’s stock worth $374,000 after buying an additional 681 shares during the period. Goldman Sachs Group Inc. increased its position in Dream Finders Homes by 8.6% during the first quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company’s stock valued at $11,728,000 after acquiring an additional 41,117 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Dream Finders Homes by 21.8% in the second quarter. GAMMA Investing LLC now owns 7,261 shares of the company’s stock valued at $182,000 after acquiring an additional 1,299 shares during the period. Finally, Norden Group LLC lifted its holdings in shares of Dream Finders Homes by 16.9% in the 2nd quarter. Norden Group LLC now owns 29,918 shares of the company’s stock worth $752,000 after acquiring an additional 4,326 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Dream Finders Homes Company Profile

Dream Finders Homes is a residential homebuilder specializing in the design, development and construction of single-family and multifamily communities across the United States. Through its in-house Design Studio, the company offers a range of home collections that blend architectural styles with customizable floor plans, allowing buyers to tailor finishes and features to suit their lifestyle preferences. In addition to core construction services, Dream Finders provides integrated mortgage and title services, streamlining the homebuying process for its clients.

Founded in 2007 and headquartered in St.