Dream Finder Homes (NASDAQ:DFH – Find Rating ) Analysts at Bank of America were upgraded from an “underperform” rating to a “neutral” rating in a report on Thursday, Marketbeat.com reports. The firm currently has a $12.00 price objective on the stock. Bank of America’s price objective suggests a potential downside of 2.44% on the stock.
Separately, TheStreet downgraded Dream Finders Homes from a “c-” rating to a “d” rating in a report on Monday, July 18th.
Price performance of dreamer homes
NASDAQ DFH traded up $0.87 during trading hours on Thursday, hitting $12.30. 394,380 shares of the company traded hands, compared to its average volume of 236,642. Dream Finders Homes has a 52-week low of $9.60 and a 52-week high of $23.09. The company has a market capitalization of $1.14 billion, a PE ratio of 7.01, a PEG ratio of 0.25 and a beta of 1.24. The company’s 50-day moving average is $12.02 and its 200-day moving average is $15.96.
Dream Finders Homes (NASDAQ:DFH – Rating Get ) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. Dreamfinder Homes had a net margin of 6.84% and a return on equity of 43.57%. The business had revenue of $793.13 million for the quarter, compared to analysts’ expectations of $683.54 million. In the same quarter in the previous year, the company posted $0.31 EPS. The business’s quarterly revenue was up 117.1% on a year-over-year basis. equities research analysts predict that Dreamseeker Homes will post 2.39 earnings per share for the current fiscal year.
Institutional flows and exits
A number of hedge funds and other institutional investors have recently bought and sold shares of DFH. Legal & General Group Plc boosted its holdings in shares of Dream Finder Homes by 159.8% in the second quarter. Legal & General Group Plc now owns 8,611 shares of the company’s stock valued at $91,000 after acquiring an additional 5,296 shares in the last quarter. State Street Corp raised its holdings in shares of Dreamseeker Homes by 211.4% in the second quarter. State Street Corp now owns 209,114 shares of the company’s stock valued at $2,225,000 after acquiring an additional 141,961 shares in the last quarter. PDT Partners LLC bought a new stake in Dreamseeker Homes during the second quarter worth approximately $531,000. Sei Investments Co. boosted its holdings in shares of Dream Finders Homes by 16.6% in the second quarter. Sei Investments now owns 38,663 shares of the company’s stock valued at $411,000 after acquiring an additional 5,501 shares in the last quarter. Finally, Eshler Asset Management LLP bought a new stake in shares of Dream Finders Homes in the second quarter worth about $160,000. 17.29% of the shares are held by hedge funds and other institutional investors.
About dream seeker houses
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Dream Finders Homes, Inc. acts as a holding company for Dream Finders Holdings LLC, a home building company in the United States. He designs, builds and sells single-family entry-level, first- and second-time move-in homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas and Houston.
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