DeFi Technologies (NASDAQ:DEFT) Given Buy Rating at HC Wainwright

Key Points

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HC Wainwright reiterated their buy rating on shares of DeFi Technologies (NASDAQ:DEFT - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a $5.50 price target on the stock. HC Wainwright also issued estimates for DeFi Technologies' Q3 2025 earnings at ($0.02) EPS, Q4 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.11 EPS and FY2026 earnings at ($0.02) EPS.

Several other research analysts have also weighed in on DEFT. Wall Street Zen upgraded shares of DeFi Technologies to a "hold" rating in a report on Friday, May 30th. Maxim Group increased their price objective on shares of DeFi Technologies from $6.50 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.25.

DeFi Technologies Trading Up 6.7%

NASDAQ:DEFT traded up $0.14 on Tuesday, reaching $2.24. The stock had a trading volume of 4,302,249 shares, compared to its average volume of 4,698,663. The stock has a market cap of $756.69 million, a P/E ratio of 24.89 and a beta of 3.93. The stock's fifty day simple moving average is $2.82. DeFi Technologies has a 12-month low of $1.50 and a 12-month high of $4.95.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The firm had revenue of $13.42 million during the quarter, compared to analysts' expectations of $42.08 million. DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%.

Institutional Trading of DeFi Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of DEFT. Wealth Enhancement Advisory Services LLC acquired a new stake in DeFi Technologies during the 2nd quarter worth approximately $76,000. Public Employees Retirement System of Ohio acquired a new stake in DeFi Technologies during the 2nd quarter worth approximately $196,000. Novem Group acquired a new stake in DeFi Technologies during the 2nd quarter worth approximately $43,000. HighMark Wealth Management LLC acquired a new stake in DeFi Technologies in the second quarter valued at approximately $35,000. Finally, Capital Advisors Inc. OK acquired a new stake in DeFi Technologies in the second quarter valued at approximately $88,000.

About DeFi Technologies

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.