DeFi Development (NASDAQ:DFDV) Shares Up 4.7% - Here's What Happened

Key Points

• Shares rose 4.7%, trading as high as $4.57 and last at $4.50 on ~871,000 shares, roughly in line with average volume.
• Analysts are mixed but the consensus is a Buy with an average price target of $35.00, after ratings ranging from Cantor Fitzgerald's "strong-buy" to Wall Street Zen's "sell".
• The company reported a quarterly loss of ($1.50) EPS on $4.49M revenue, has a market cap of ~$132.8M, and only 0.48% institutional ownership, signaling limited hedge fund exposure.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) shares shot up 4.7% during trading on Wednesday . The stock traded as high as $4.57 and last traded at $4.50. 871,027 shares were traded during mid-day trading, an increase of 0% from the average session volume of 870,241 shares. The stock had previously closed at $4.30.

Analyst Ratings Changes

Several research firms have recently commented on DFDV. Cantor Fitzgerald raised DeFi Development to a "strong-buy" rating in a report on Thursday, April 9th. Weiss Ratings reissued a "hold (c)" rating on shares of DeFi Development in a report on Monday, April 20th. Finally, Wall Street Zen cut DeFi Development from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, DeFi Development currently has a consensus rating of "Buy" and an average target price of $35.00.

DeFi Development Stock Performance

The firm has a fifty day moving average of $4.08 and a 200-day moving average of $5.93. The stock has a market capitalization of $132.75 million, a price-to-earnings ratio of -0.89 and a beta of -4.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.28.

DeFi Development (NASDAQ:DFDV - Get Free Report) last issued its quarterly earnings data on Monday, March 30th. The company reported ($1.50) earnings per share (EPS) for the quarter. The company had revenue of $4.49 million during the quarter.

Hedge Funds Weigh In On DeFi Development

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in DeFi Development during the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd purchased a new position in DeFi Development during the fourth quarter worth $47,000. Sanctuary Advisors LLC purchased a new position in DeFi Development during the fourth quarter worth $54,000. Squarepoint Ops LLC purchased a new position in DeFi Development during the fourth quarter worth $57,000. Finally, BlueChip Wealth Advisors LLC purchased a new position in DeFi Development during the first quarter worth $58,000. 0.48% of the stock is owned by institutional investors and hedge funds.

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.

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