Daniel Kang Buys 11,000 Shares of DeFi Development (NASDAQ:DFDV) Stock

Key Points

• Insider Daniel Kang bought 11,000 DeFi Development shares at an average price of $3.88, spending $42,680 and increasing his direct ownership by 153.18% to 18,181 shares. He also purchased 13,000 shares earlier in August.
• DeFi Development shares recently traded at $3.94, with a market capitalization of approximately $122 million. The company reported a quarterly loss of $0.21 per share on $3.31 million in revenue.
• Analysts have a “Moderate Buy” consensus rating with an average price target of $4.70, while institutional investors own just 0.48% of the company.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang bought 11,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of $3.88 per share, with a total value of $42,680.00. Following the completion of the purchase, the insider directly owned 18,181 shares in the company, valued at $70,542.28. This represents a 153.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Daniel Kang also recently made the following trade(s):

• On Friday, August 14th, Daniel Kang purchased 13,000 shares of DeFi Development stock. The shares were acquired at an average cost of $2.91 per share, with a total value of $37,830.00.

DeFi Development Stock Performance

NASDAQ DFDV traded up $0.17 on Friday, reaching $3.94. 2,015,190 shares of the company's stock traded hands, compared to its average volume of 1,104,399. The firm has a market cap of $122.13 million, a price-to-earnings ratio of -0.39 and a beta of -3.94. The stock has a 50 day moving average price of $2.97 and a 200-day moving average price of $3.63. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.27 and a current ratio of 1.27. DeFi Development Corp. has a fifty-two week low of $2.44 and a fifty-two week high of $20.30.

DeFi Development (NASDAQ:DFDV - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. The company had revenue of $3.31 million for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.

Institutional Trading of DeFi Development

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC lifted its stake in DeFi Development by 55.7% in the 2nd quarter. Headlands Technologies LLC now owns 78,245 shares of the company's stock valued at $230,000 after buying an additional 27,988 shares in the last quarter. BlackRock Inc. purchased a new position in shares of DeFi Development in the second quarter valued at approximately $1,067,000. Bank of New York Mellon Corp purchased a new position in shares of DeFi Development in the second quarter valued at approximately $138,000. NewEdge Advisors LLC boosted its stake in shares of DeFi Development by 62.3% in the first quarter. NewEdge Advisors LLC now owns 83,432 shares of the company's stock worth $274,000 after acquiring an additional 32,024 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC purchased a new stake in shares of DeFi Development during the first quarter worth approximately $58,000. Hedge funds and other institutional investors own 0.48% of the company's stock.

Wall Street Analyst Weigh In

DFDV has been the topic of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald dropped their price objective on DeFi Development from $7.00 to $4.70 and set an "overweight" rating on the stock in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, DeFi Development presently has a consensus rating of "Moderate Buy" and an average target price of $4.70.

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.

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