B. Riley Raises Earnings Estimates for DeFi Technologies

DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) - B. Riley upped their FY2025 earnings per share (EPS) estimates for shares of DeFi Technologies in a report released on Monday, June 16th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $0.37 for the year, up from their previous forecast of $0.28.

DEFT has been the topic of several other reports. HC Wainwright increased their target price on shares of DeFi Technologies from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Maxim Group upped their price target on shares of DeFi Technologies from $6.50 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, May 27th. Finally, Wall Street Zen upgraded DeFi Technologies to a "hold" rating in a research report on Friday, May 30th.

DeFi Technologies Trading Up 2.5%

Shares of DEFT stock traded up $0.07 during trading hours on Thursday, reaching $2.82. The stock had a trading volume of 2,489,822 shares, compared to its average volume of 2,327,042. The firm has a market capitalization of $949.10 million, a P/E ratio of 9.72 and a beta of 5.25. DeFi Technologies has a 12 month low of $1.04 and a 12 month high of $4.95.

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.