DeFi Technologies (NASDAQ:DEFT) Upgraded at Wall Street Zen

Key Points

• DeFi Technologies (NASDAQ:DEFT) has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• The company's stock recently saw a decline of 6.8% and has a current trading price of $2.05, with a market cap of $697.31 million.
• Despite missing earnings expectations, with reported EPS of $0.05 against a consensus of $0.07, DeFi Technologies has a return on equity of 137.53%.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other equities research analysts also recently issued reports on DEFT. HC Wainwright reiterated a "buy" rating and issued a $5.50 price objective on shares of DeFi Technologies in a research report on Friday, September 26th. Weiss Ratings restated a "sell (d-)" rating on shares of DeFi Technologies in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.25.

DeFi Technologies Stock Down 6.8%

Shares of DEFT stock opened at $2.05 on Friday. DeFi Technologies has a 52-week low of $1.50 and a 52-week high of $4.95. The stock has a market capitalization of $697.31 million, a P/E ratio of 22.78 and a beta of 3.65. The stock has a fifty day simple moving average of $2.31.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last issued its quarterly earnings data 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). DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.The business had revenue of $13.42 million during the quarter, compared to analysts' expectations of $42.08 million.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WNY Asset Management LLC purchased a new position in shares of DeFi Technologies in the second quarter worth about $29,000. OMERS ADMINISTRATION Corp purchased a new position in shares of DeFi Technologies in the second quarter worth about $31,000. HighMark Wealth Management LLC purchased a new position in shares of DeFi Technologies in the second quarter worth about $35,000. Brookstone Capital Management bought a new stake in shares of DeFi Technologies in the second quarter worth about $37,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of DeFi Technologies in the second quarter worth about $39,000.

DeFi Technologies Company Profile

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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