DeFi Development (NASDAQ:DFDV) Announces Earnings Results

Key Points

• DeFi Development reported quarterly EPS of negative $0.21, alongside a negative net margin of 1,136.38% and a 15.58% positive return on equity.
• Shares traded at $2.87, near the lower end of their 52-week range of $2.44 to $21.80; the stock has a market capitalization of $86.44 million and a price-to-earnings ratio of -0.35.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $4.70, although Cantor Fitzgerald recently cut its target from $7.00 to $4.70.

DeFi Development (NASDAQ:DFDV - Get Free Report) released its earnings results on Wednesday. The company reported ($0.21) earnings per share for the quarter, Zacks reports. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%.

DeFi Development Price Performance

Shares of NASDAQ:DFDV traded up $0.02 during midday trading on Wednesday, reaching $2.87. 463,109 shares of the company were exchanged, compared to its average volume of 1,080,361. The stock has a market cap of $86.44 million, a PE ratio of -0.35 and a beta of -3.93. The business's fifty day moving average is $2.92 and its two-hundred day moving average is $3.75. DeFi Development has a one year low of $2.44 and a one year high of $21.80. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 12.53.

Institutional Trading of DeFi Development

Hedge funds have recently bought and sold shares of the stock. UBS Group AG purchased a new position in shares of DeFi Development during the third quarter valued at about $693,000. Polar Asset Management Partners Inc. purchased a new stake in shares of DeFi Development in the third quarter worth about $6,379,000. Bank of America Corp DE purchased a new stake in shares of DeFi Development in the third quarter worth about $66,000. Millennium Management LLC bought a new position in DeFi Development during the third quarter valued at approximately $1,982,000. Finally, Pantera Capital Partners LP bought a new position in DeFi Development during the third quarter valued at approximately $13,207,000. Hedge funds and other institutional investors own 0.48% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald lowered their target price on shares of DeFi Development from $7.00 to $4.70 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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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