DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report)'s share price traded down 9.2% during trading on Monday . The stock traded as low as $2.83 and last traded at $2.85. 1,100,901 shares were traded during trading, a decline of 18% from the average session volume of 1,347,630 shares. The stock had previously closed at $3.14.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. HC Wainwright raised their target price on DeFi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Wall Street Zen upgraded DeFi Technologies to a "hold" rating in a research report on Friday, May 30th. Finally, Maxim Group increased their price target on DeFi Technologies from $6.50 to $7.00 and gave the stock a "buy" rating in a research report on Tuesday, May 27th.
Get Our Latest Research Report on DeFi Technologies
DeFi Technologies Stock Up 3.5%
The firm has a market cap of $993.35 million, a PE ratio of 7.70 and a beta of 4.02.
Hedge Funds Weigh In On DeFi Technologies
An institutional investor recently bought a new position in DeFi Technologies stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 24,183 shares of the company's stock, valued at approximately $76,000.
DeFi Technologies Company Profile
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Get Free Report)
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.
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