DeFi Development (NASDAQ:DFDV) Raised to "Hold" at Wall Street Zen

Key Points

• DeFi Development (NASDAQ: DFDV) was upgraded from a "sell" rating to a "hold" rating by research analysts at Wall Street Zen.
• The stock has a current market capitalization of $363.52 million and reported a quarterly loss of ($0.18) earnings per share.
• Several analysts, including Craig Hallum and Cantor Fitzgerald, have shown positive outlooks with ratings of "buy" and "strong-buy" respectively, along with price targets reaching as high as $25.00.

Wall Street Zen upgraded shares of DeFi Development (NASDAQ:DFDV - Free Report) from a sell rating to a hold rating in a research note released on Sunday morning.

A number of other brokerages also recently issued reports on DFDV. Cantor Fitzgerald raised DeFi Development to a "strong-buy" rating in a research report on Wednesday, August 13th. Craig Hallum began coverage on DeFi Development in a research report on Monday, August 4th. They issued a "buy" rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy" and an average price target of $35.00.

DeFi Development Trading Up 9.5%

Shares of DFDV stock traded up $1.48 during trading hours on Friday, reaching $17.05. 1,359,257 shares of the company's stock were exchanged, compared to its average volume of 2,869,511. The business's 50 day moving average price is $21.42. The stock has a market cap of $358.90 million, a P/E ratio of 25.56 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 fifty-two week low of $0.49 and a fifty-two week high of $53.88.

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 business had revenue of $1.99 million for the quarter. DeFi Development had a negative return on equity of 26.19% 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.