DeFi Development (NASDAQ:DFDV) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of DeFi Development (NASDAQ:DFDV) from a sell rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $35.00.

DeFi Development Stock Performance

NASDAQ DFDV opened at $3.72 on Friday. The company has a fifty day moving average of $5.42 and a two-hundred day moving average of $10.37. The company has a market capitalization of $118.52 million, a PE ratio of 1.46 and a beta of -6.99. DeFi Development has a 1 year low of $0.53 and a 1 year high of $53.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.77 and a quick ratio of 1.77.

DeFi Development (NASDAQ:DFDV) last announced its earnings results on Wednesday, November 19th. The company reported $1.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.86 million during the quarter.

Insiders Place Their Bets

In other news, COO Parker White purchased 17,760 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $102,297.60. Following the completion of the purchase, the chief operating officer directly owned 269,875 shares in the company, valued at $1,554,480. The trade was a 7.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel Kang acquired 4,200 shares of DeFi Development stock in a transaction that occurred on Tuesday, November 25th. The stock was purchased at an average price of $6.90 per share, with a total value of $28,980.00. Following the transaction, the insider owned 7,181 shares of the company’s stock, valued at $49,548.90. This trade represents a 140.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 32,004 shares of company stock valued at $200,682. 19.24% of the stock is owned by insiders.

Hedge Funds Weigh In On DeFi Development

A number of large investors have recently modified their holdings of DFDV. NewEdge Advisors LLC boosted its stake in shares of DeFi Development by 64.6% in the fourth quarter. NewEdge Advisors LLC now owns 51,408 shares of the company’s stock valued at $260,000 after buying an additional 20,183 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of DeFi Development during the 4th quarter worth $192,000. Quadrature Capital Ltd purchased a new stake in shares of DeFi Development during the 4th quarter worth $318,000. Millennium Management LLC grew its stake in shares of DeFi Development by 215.0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock worth $2,059,000 after purchasing an additional 278,334 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of DeFi Development in the 4th quarter valued at about $369,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

About DeFi Development

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.