DeFi Development (NASDAQ:DFDV) Downgraded by Wall Street Zen to "Sell"

Key Points

• DeFi Development (NASDAQ:DFDV) received a downgrade from Wall Street Zen, lowering its rating from "hold" to "sell."
• Despite the downgrade, Cantor Fitzgerald initiated coverage with an "overweight" rating and a target price of $45.00, while Craig Hallum set a "buy" rating with a $25.00 target price.
• The stock is currently valued at $15.68 and has seen a significant increase of 16.5% recently, despite a volatile price history ranging from a low of $0.48 to a high of $53.88 over the last year.

DeFi Development (NASDAQ:DFDV - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

DFDV has been the topic of several other research reports. Craig Hallum started coverage on DeFi Development in a report on Monday, August 4th. They set a "buy" rating and a $25.00 price objective on the stock. Cantor Fitzgerald initiated coverage on DeFi Development in a report on Monday, June 16th. They set an "overweight" rating and a $45.00 price objective on the stock.

DeFi Development Stock Up 6.8%

NASDAQ DFDV traded up $1.22 on Friday, hitting $19.06. 4,898,091 shares of the company were exchanged, compared to its average volume of 2,834,099. The company's 50 day moving average price is $21.60. The company has a market cap of $370.64 million, a price-to-earnings ratio of -75.38 and a beta of -7.30. DeFi Development has a twelve month low of $0.48 and a twelve month high of $53.88.

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.