Polar Asset Management Partners Inc. Takes $1.65 Million Position in DeFi Technologies Inc. $DEFT

Polar Asset Management Partners Inc. purchased a new position in shares of DeFi Technologies Inc. (NASDAQ:DEFT) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 782,901 shares of the company’s stock, valued at approximately $1,652,000.

Other institutional investors and hedge funds have also modified their holdings of the company. OMERS ADMINISTRATION Corp acquired a new position in DeFi Technologies in the second quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC acquired a new stake in DeFi Technologies during the 2nd quarter worth $39,000. Jones Financial Companies Lllp raised its position in shares of DeFi Technologies by 971.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company’s stock valued at $32,000 after acquiring an additional 13,600 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of DeFi Technologies in the 2nd quarter valued at $41,000. Finally, Allworth Financial LP acquired a new position in shares of DeFi Technologies in the 2nd quarter valued at $44,000.

DeFi Technologies Stock Down 0.0%

Shares of NASDAQ:DEFT opened at $0.66 on Friday. The company has a 50 day moving average price of $0.78 and a two-hundred day moving average price of $1.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $257.10 million, a PE ratio of 13.26 and a beta of 4.38. DeFi Technologies Inc. has a 52 week low of $0.60 and a 52 week high of $4.95.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen cut DeFi Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, January 21st. Finally, Benchmark reduced their target price on DeFi Technologies from $8.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

About DeFi Technologies

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.