DeFi Development (NASDAQ:DFDV) Issues Quarterly Earnings Results

Key Points

• DeFi Development reported a quarterly earnings loss of ($0.18) EPS with revenue totaling $1.99 million, indicating significant financial challenges including a negative return on equity of 171.40%.
• Shares of DeFi Development fell by 4.5% on the trading day following the earnings report, closing at $18.69, while the stock has a notable 12-month range between $0.48 and $53.88.
• Brokerage ratings for DeFi Development have varied, with Wall Street Zen downgrading the stock to a "sell" while Cantor Fitzgerald upgraded it to a "strong-buy."

DeFi Development (NASDAQ:DFDV - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.18) EPS for the quarter, Zacks reports. The business had revenue of $1.99 million during the quarter. DeFi Development had a negative return on equity of 171.40% and a negative net margin of 129.81%.

DeFi Development Stock Down 4.5%

Shares of DeFi Development stock traded down $0.88 during trading hours on Friday, hitting $18.69. The company's stock had a trading volume of 3,592,076 shares, compared to its average volume of 3,012,925. DeFi Development has a 12 month low of $0.48 and a 12 month high of $53.88. The stock has a 50 day simple moving average of $21.74. The company has a market capitalization of $363.52 million, a P/E ratio of 28.02 and a beta of -7.30.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DFDV. Wall Street Zen cut DeFi Development from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Craig Hallum began coverage on DeFi Development in a research report on Monday, August 4th. They issued a "buy" rating and a $25.00 price target on the stock. Finally, Cantor Fitzgerald upgraded DeFi Development to a "strong-buy" rating in a research report on Wednesday.

About DeFi Development

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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