Cantor Fitzgerald Upgrades DeFi Development (NASDAQ:DFDV) to Strong-Buy

Key Points

• DeFi Development (NASDAQ:DFDV) has been upgraded to a "strong-buy" rating by Cantor Fitzgerald, signaling increased analyst confidence in the stock's performance.
• Other analysts have held mixed ratings, with Wall Street Zen recently lowering its rating from "hold" to "sell," while Craig Hallum set a "buy" rating along with a $25 price target.
• As of the latest report, DeFi Development's stock was priced at $18.64, with a significant 52-week range between $0.48 and $53.88, reflecting notable volatility in its market performance.

DeFi Development (NASDAQ:DFDV - Get Free Report) was upgraded by stock analysts at Cantor Fitzgerald to a "strong-buy" rating in a research note issued to investors on Wednesday,Zacks.com reports.

DFDV has been the subject of several other research reports. Wall Street Zen lowered shares of DeFi Development from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Craig Hallum assumed coverage on shares of DeFi Development in a research note on Monday, August 4th. They issued a "buy" rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Strong Buy" and a consensus price target of $35.00.

DeFi Development Stock Performance

Shares of NASDAQ DFDV traded down $2.83 during midday trading on Wednesday, reaching $15.22. The stock had a trading volume of 2,056,673 shares, compared to its average volume of 2,873,108. The company has a market cap of $320.38 million, a price-to-earnings ratio of 22.81 and a beta of -7.30. DeFi Development has a twelve month low of $0.49 and a twelve month high of $53.88. The firm has a 50 day simple moving average of $21.64.

DeFi Development (NASDAQ:DFDV - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The firm 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%.

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.