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

Wall Street Zen upgraded shares of DeFi Development (NASDAQ:DFDV) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $10.40 price target (up from $4.70) on shares of DeFi Development in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, DeFi Development presently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

DeFi Development Price Performance

DFDV opened at $5.22 on Friday. DeFi Development has a one year low of $2.44 and a one year high of $18.99. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $3.79. The stock has a market capitalization of $161.82 million, a P/E ratio of -0.52 and a beta of -3.75.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.The company had revenue of $3.31 million during the quarter.

Insider Buying and Selling at DeFi Development

In related news, major shareholder Parker White bought 10,069 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was bought at an average cost of $3.91 per share, for a total transaction of $39,369.79. Following the transaction, the insider owned 279,944 shares of the company’s stock, valued at $1,094,581.04. This represents a 3.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Kang bought 13,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $2.91 per share, with a total value of $37,830.00. Following the completion of the transaction, the insider directly owned 13,000 shares in the company, valued at approximately $37,830. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 34,069 shares of company stock worth $119,880 over the last 90 days. 23.61% of the stock is owned by corporate insiders.

Institutional Trading of DeFi Development

A number of hedge funds have recently modified their holdings of DFDV. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Development during the fourth quarter valued at approximately $47,000. Squarepoint Ops LLC acquired a new stake in DeFi Development in the second quarter worth $52,000. BlueChip Wealth Advisors LLC acquired a new stake in DeFi Development in the first quarter worth $58,000. Bank of New York Mellon Corp bought a new position in shares of DeFi Development during the second quarter worth $138,000. Finally, Aristides Capital LLC bought a new position in shares of DeFi Development during the fourth quarter worth $187,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.

DeFi Development Company Profile

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.