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DeFi Technologies (NASDAQ:DEFT) Shares Gap Up - Here's What Happened

DeFi Technologies logo with Business Services background

DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.86, but opened at $3.07. DeFi Technologies shares last traded at $2.93, with a volume of 944,267 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DEFT shares. HC Wainwright upped their price target on shares of DeFi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a report on Thursday, May 15th. Maxim Group boosted their price objective on shares of DeFi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, Wall Street Zen raised shares of DeFi Technologies to a "hold" rating in a research report on Friday, May 30th.

View Our Latest Report on DeFi Technologies

DeFi Technologies Price Performance

The stock has a market cap of $986.13 million, a price-to-earnings ratio of 10.10 and a beta of 5.29.

DeFi Technologies Company Profile

(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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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