FY2025 EPS Estimates for DeFi Technologies Cut by B. Riley

DeFi Technologies Inc. (NASDAQ:DEFT) – Equities research analysts at B. Riley cut their FY2025 earnings per share estimates for shares of DeFi Technologies in a research report issued to clients and investors on Wednesday, October 22nd. B. Riley analyst H. Goetsch now anticipates that the company will post earnings of $0.28 per share for the year, down from their previous forecast of $0.37.

DeFi Technologies (NASDAQ:DEFT) last released its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). The firm had revenue of $13.42 million during the quarter, compared to analyst estimates of $42.08 million. DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%.

Other equities analysts also recently issued reports about the company. Wall Street Zen raised DeFi Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. HC Wainwright reiterated a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.25.

DeFi Technologies Stock Performance

NASDAQ DEFT opened at $2.09 on Monday. The firm has a market cap of $710.91 million, a P/E ratio of 23.22 and a beta of 3.65. The firm has a 50-day moving average price of $2.21. DeFi Technologies has a 1-year low of $1.50 and a 1-year high of $4.95.

Institutional Investors Weigh In On DeFi Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Ethos Financial Group LLC purchased a new stake in DeFi Technologies during the third quarter worth approximately $558,000. McGuire Investment Group LLC purchased a new stake in DeFi Technologies during the third quarter worth approximately $78,000. Farther Finance Advisors LLC purchased a new stake in DeFi Technologies during the third quarter worth approximately $860,000. Fiduciary Alliance LLC purchased a new stake in DeFi Technologies during the third quarter worth approximately $122,000. Finally, Ignite Planners LLC purchased a new stake in DeFi Technologies during the third quarter worth approximately $35,000.

DeFi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.