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DeFi Development's (DFDV) "Hold (C)" Rating Reaffirmed at Weiss Ratings

DeFi Development logo with Computer and Technology background

Key Points

  • DeFi Development's stock has had its "hold (c)" rating reaffirmed by Weiss Ratings, reflecting cautious investor sentiment.
  • The company recently initiated a $100 million share buyback plan, indicating management's belief that the stock is undervalued.
  • Despite a challenging earnings report with a loss of $0.18 EPS, analysts maintain a consensus rating of "Buy" with an average target price of $35.00.
  • MarketBeat previews the top five stocks to own by November 1st.

DeFi Development (NASDAQ:DFDV - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

DFDV has been the topic of several other research reports. 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 on the stock. Wall Street Zen lowered shares of DeFi Development from a "hold" rating to a "sell" rating in a research note on Friday, September 5th. Finally, Cantor Fitzgerald upgraded shares of DeFi Development to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, DeFi Development presently has a consensus rating of "Buy" and an average target price of $35.00.

Get Our Latest Research Report on DFDV

DeFi Development Price Performance

Shares of NASDAQ:DFDV traded up $2.11 during trading on Wednesday, reaching $17.36. 2,663,159 shares of the company's stock traded hands, compared to its average volume of 2,155,146. DeFi Development has a 12 month low of $0.49 and a 12 month high of $53.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $443.90 million, a PE ratio of 26.02 and a beta of -7.62. The company's 50 day moving average is $16.23.

DeFi Development (NASDAQ:DFDV - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.18) EPS for the quarter. The business had revenue of $1.99 million for the quarter.

DeFi Development declared that its board has initiated a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 25.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

About DeFi Development

(Get Free Report)

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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