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

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.

Several other equities analysts also recently weighed in on DFDV. Cantor Fitzgerald raised shares of DeFi Development to a "strong-buy" rating in a report on Wednesday, August 13th. Craig Hallum started 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. One 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, the company currently has an average rating of "Strong Buy" and an average price target of $35.00.

DeFi Development Stock Down 5.5%

NASDAQ:DFDV traded down $0.97 during trading hours on Friday, hitting $16.61. 1,691,154 shares of the stock traded hands, compared to its average volume of 2,993,892. 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. The stock has a market capitalization of $349.64 million, a P/E ratio of 24.90 and a beta of -7.30. The firm has a 50 day moving average of $20.95.

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 for the quarter. DeFi Development had a negative net margin of 129.81% and a negative return on equity of 26.19%. The firm had revenue of $1.99 million for the quarter.

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.