DeFi Technologies (NASDAQ:DEFT - Get Free Report) was upgraded by Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Saturday.
DEFT has been the subject of several other reports. Weiss Ratings upgraded shares of DeFi Technologies from a "sell (d-)" rating to a "hold (c-)" rating in a research report on Wednesday, April 8th. Maxim Group decreased their price objective on shares of DeFi Technologies from $2.00 to $1.50 and set a "buy" rating for the company in a research report on Monday, April 13th. B. Riley Financial reiterated a "buy" rating on shares of DeFi Technologies in a research report on Wednesday, April 8th. Finally, HC Wainwright reduced their price objective on shares of DeFi Technologies from $5.50 to $2.00 and set a "buy" rating for the company in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, DeFi Technologies has an average rating of "Moderate Buy" and an average price target of $2.25.
Check Out Our Latest Research Report on DEFT
DeFi Technologies Trading Down 2.3%
DEFT opened at $0.73 on Friday. DeFi Technologies has a twelve month low of $0.47 and a twelve month high of $4.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $0.70 and a 200-day moving average of $0.99. The stock has a market cap of $282.40 million, a PE ratio of 4.28 and a beta of 4.07.
DeFi Technologies (NASDAQ:DEFT - Get Free Report) last posted its quarterly earnings data on Thursday, April 2nd. The company reported $0.08 earnings per share for the quarter. DeFi Technologies had a net margin of 63.61% and a return on equity of 85.99%. The company had revenue of $19.08 million during the quarter.
Hedge Funds Weigh In On DeFi Technologies
A number of hedge funds and other institutional investors have recently made changes to their positions in DEFT. SG Americas Securities LLC purchased a new position in shares of DeFi Technologies in the 1st quarter worth about $25,000. Commonwealth Equity Services LLC lifted its position in shares of DeFi Technologies by 79.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,270 shares of the company's stock valued at $28,000 after buying an additional 16,524 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of DeFi Technologies by 971.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company's stock valued at $32,000 after buying an additional 13,600 shares during the last quarter. Royal Bank of Canada lifted its position in shares of DeFi Technologies by 54.5% during the 4th quarter. Royal Bank of Canada now owns 42,900 shares of the company's stock valued at $33,000 after buying an additional 15,133 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of DeFi Technologies during the 3rd quarter valued at $34,000.
DeFi Technologies Company Profile
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Get Free Report)
DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.
In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.
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