DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.03, but opened at $3.42. DeFi Technologies shares last traded at $3.44, with a volume of 6,541,617 shares trading hands.
Analyst Upgrades and Downgrades
A number of brokerages have commented on DEFT. Maxim Group upped 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. Wall Street Zen upgraded DeFi Technologies to a "hold" rating in a research note on Friday, May 30th. Finally, HC Wainwright increased their price target on DeFi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th.
View Our Latest Stock Report on DeFi Technologies
DeFi Technologies Trading Down 4.4%
The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.24 and a beta of 4.02. The stock has a 50 day simple moving average of $3.21.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in DEFT. Wealth Enhancement Advisory Services LLC bought a new stake in DeFi Technologies in the second quarter worth about $76,000. Public Employees Retirement System of Ohio purchased a new position in DeFi Technologies in the second quarter worth $196,000. Finally, Novem Group purchased a new stake in shares of DeFi Technologies during the second quarter valued at $43,000.
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.
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