DeFi Development (NASDAQ:DFDV) Issues 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) announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter, Zacks reports. DeFi Development had a negative net margin of 129.81% and a negative return on equity of 26.19%. The business had revenue of $1.99 million during the quarter.

DeFi Development Trading Down 5.5%

NASDAQ DFDV traded down $0.97 on Thursday, hitting $16.61. 1,682,232 shares of the company were exchanged, compared to its average volume of 2,870,300. The firm's 50 day simple moving average is $21.25. The company has a market cap of $349.64 million, a P/E ratio of 24.90 and a beta of -7.30. The company has a current ratio of 1.14, a quick ratio of 16.70 and a debt-to-equity ratio of 0.27. DeFi Development has a 1-year low of $0.49 and a 1-year high of $53.88.

Analyst Ratings Changes

DFDV has been the topic of several analyst reports. Craig Hallum initiated coverage on shares of DeFi Development in a report on Monday, August 4th. They issued a "buy" rating and a $25.00 target price on the stock. Cantor Fitzgerald raised shares of DeFi Development to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen raised shares of DeFi Development from a "sell" rating to a "hold" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy" and an average price target of $35.00.

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.