DeFi Technologies Inc. (NASDAQ:DEFT) Receives Average Rating of "Moderate Buy" from Analysts

DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.25.

A number of research firms recently commented on DEFT. Maxim Group dropped their price target on DeFi Technologies from $2.00 to $1.50 and set a "buy" rating for the company in a research note on Monday, April 13th. Wall Street Zen lowered shares of DeFi Technologies from a "sell" rating to a "strong sell" rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of DeFi Technologies from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, April 8th. B. Riley Financial reaffirmed a "buy" rating on shares of DeFi Technologies in a report on Wednesday, April 8th. Finally, HC Wainwright reduced their price target on shares of DeFi Technologies from $5.50 to $2.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th.

Institutional Investors Weigh In On DeFi Technologies

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of DeFi Technologies in the 1st quarter valued at $25,000. Aristides Capital LLC bought a new position in shares of DeFi Technologies in the 4th quarter valued at $143,000. Connective Capital Management LLC bought a new position in shares of DeFi Technologies in the 4th quarter valued at $138,000. Invesco Ltd. increased its stake in shares of DeFi Technologies by 141.4% in the 4th quarter. Invesco Ltd. now owns 2,140,354 shares of the company's stock valued at $1,615,000 after purchasing an additional 1,253,690 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of DeFi Technologies by 196.8% in the 4th quarter. Toronto Dominion Bank now owns 66,459 shares of the company's stock valued at $51,000 after purchasing an additional 44,068 shares during the last quarter.

DeFi Technologies Price Performance

NASDAQ:DEFT opened at $0.80 on Tuesday. DeFi Technologies has a 52 week low of $0.47 and a 52 week high of $4.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50-day simple moving average is $0.70 and its 200 day simple moving average is $1.02. The firm has a market cap of $309.28 million, a price-to-earnings ratio of 4.69 and a beta of 4.07.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last posted its quarterly earnings data on Thursday, April 2nd. The company reported $0.08 EPS for the quarter. The firm had revenue of $19.08 million for the quarter. DeFi Technologies had a return on equity of 85.99% and a net margin of 63.61%.

About DeFi Technologies

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.

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