2,500,002 Shares in DeFi Technologies Inc. $DEFT Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP bought a new position in shares of DeFi Technologies Inc. (NASDAQ:DEFT) in the third quarter, HoldingsChannel.com reports. The firm bought 2,500,002 shares of the company’s stock, valued at approximately $5,275,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cable Car Capital LP bought a new position in shares of DeFi Technologies in the 3rd quarter worth $10,871,000. Marshall Wace LLP boosted its position in DeFi Technologies by 128.0% during the third quarter. Marshall Wace LLP now owns 4,384,356 shares of the company’s stock valued at $9,251,000 after purchasing an additional 2,461,204 shares in the last quarter. NewGen Asset Management Ltd bought a new stake in DeFi Technologies during the third quarter valued at about $2,890,000. Invesco Ltd. purchased a new position in DeFi Technologies in the second quarter valued at about $3,266,000. Finally, Polar Asset Management Partners Inc. purchased a new position in DeFi Technologies in the third quarter valued at about $1,652,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on DEFT. Wall Street Zen lowered shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Northland Securities set a $2.50 price objective on shares of DeFi Technologies in a research report on Monday, November 17th. Benchmark reduced their price objective on shares of DeFi Technologies from $8.00 to $3.00 and set a “buy” rating for the company in a research note on Friday, November 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, DeFi Technologies has an average rating of “Moderate Buy” and an average target price of $4.50.

DeFi Technologies Stock Up 0.6%

Shares of DEFT stock opened at $0.64 on Monday. The stock’s fifty day moving average price is $0.81 and its 200 day moving average price is $1.39. DeFi Technologies Inc. has a 1-year low of $0.60 and a 1-year high of $4.95. The company has a market cap of $249.65 million, a price-to-earnings ratio of 12.88 and a beta of 4.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.88.

DeFi Technologies Profile

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.