DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report)'s share price was down 4.7% during mid-day trading on Thursday . The stock traded as low as $3.22 and last traded at $3.25. Approximately 2,983,360 shares changed hands during mid-day trading, an increase of 89% from the average daily volume of 1,580,851 shares. The stock had previously closed at $3.41.
Analysts Set New Price Targets
A number of brokerages have recently commented on DEFT. HC Wainwright upped their price target on DeFi Technologies from $4.50 to $5.50 and gave the company a "buy" rating in a research report on Thursday, May 15th. Maxim Group upped their price objective on DeFi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen upgraded shares of DeFi Technologies to a "hold" rating in a research report on Friday, May 30th.
View Our Latest Analysis on DeFi Technologies
DeFi Technologies Trading Up 0.9%
The stock's 50-day moving average is $3.22. The stock has a market cap of $1.11 billion, a PE ratio of 11.38 and a beta of 4.02.
Hedge Funds Weigh In On DeFi Technologies
A number of large investors have recently added to or reduced their stakes in DEFT. Public Employees Retirement System of Ohio bought a new position in DeFi Technologies during the second quarter valued at $196,000. Wealth Enhancement Advisory Services LLC acquired a new stake in DeFi Technologies during the second quarter worth approximately $76,000. Finally, Novem Group acquired a new position in shares of DeFi Technologies in the 2nd quarter valued at about $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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