DeFi Development (NASDAQ:DFDV) Major Shareholder Acquires $39,369.79 in Stock

Key Points

• Major shareholder Parker White bought 10,069 DFDV shares at an average price of $3.91, investing $39,369.79 and increasing their direct ownership by 3.73% to 279,944 shares.
• DFDV shares rose to $4.09 during Monday trading, while the company reported a quarterly loss of $0.21 per share on $3.31 million in revenue.
• Analyst sentiment is moderately positive, with a consensus “Moderate Buy” rating and a $4.70 average price target, although Cantor Fitzgerald recently lowered its target from $7.00 to $4.70.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) major shareholder Parker White purchased 10,069 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average price of $3.91 per share, with a total value of $39,369.79. Following the completion of the transaction, the insider directly owned 279,944 shares of the company's stock, valued at $1,094,581.04. This represents a 3.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

DeFi Development Price Performance

DFDV stock traded up $0.15 during midday trading on Monday, reaching $4.09. The stock had a trading volume of 1,784,231 shares, compared to its average volume of 1,109,165. The company's fifty day simple moving average is $2.98 and its 200 day simple moving average is $3.62. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53. The company has a market cap of $126.78 million, a price-to-earnings ratio of -0.41 and a beta of -3.94. DeFi Development Corp. has a 52-week low of $2.44 and a 52-week high of $18.99.

DeFi Development (NASDAQ:DFDV - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter. The business 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 Investors Weigh In On DeFi Development

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of DeFi Development during the 3rd quarter worth approximately $66,000. Farther Finance Advisors LLC acquired a new position in DeFi Development in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new position in DeFi Development in the fourth quarter worth approximately $47,000. Wells Fargo & Company MN grew its position in DeFi Development by 34.2% in the fourth quarter. Wells Fargo & Company MN now owns 41,752 shares of the company's stock worth $211,000 after acquiring an additional 10,651 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in DeFi Development during the fourth quarter worth $54,000. Hedge funds and other institutional investors own 0.48% of the company's stock.

Wall Street Analysts Forecast Growth

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