Bank of Montreal Can Invests $7.89 Million in DeFi Technologies Inc. $DEFT

Key Points

• Bank of Montreal Can bought 2,718,600 shares of DeFi Technologies in Q2, a new stake valued at about $7.89 million representing roughly 0.80% ownership.
• DeFi reported an earnings miss (EPS $0.05 vs. $0.07 expected) and revenue of $13.42M vs. $42.08M expected; the stock trades at $1.62 with a market cap of $551M and a 52‑week range of $1.50–$4.95.
• Analyst sentiment is mixed — two Buys and one Sell — leaving a MarketBeat consensus rating of "Hold" and a consensus price target of $6.25.

Bank of Montreal Can acquired a new stake in shares of DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,718,600 shares of the company's stock, valued at approximately $7,891,000. Bank of Montreal Can owned 0.80% of DeFi Technologies as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in DeFi Technologies during the 2nd quarter valued at $912,000. Public Employees Retirement System of Ohio purchased a new stake in shares of DeFi Technologies during the 2nd quarter worth $196,000. Brookstone Capital Management bought a new stake in DeFi Technologies during the second quarter valued at about $37,000. HighMark Wealth Management LLC bought a new stake in DeFi Technologies during the second quarter valued at about $35,000. Finally, FNY Investment Advisers LLC purchased a new position in DeFi Technologies in the second quarter valued at about $160,000.

Analysts Set New Price Targets

Several research firms have commented on DEFT. HC Wainwright reissued a "buy" rating and set a $5.50 price target on shares of DeFi Technologies in a research report on Friday, September 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of DeFi Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of DeFi Technologies from a "hold" rating to a "sell" rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $6.25.

DeFi Technologies Price Performance

Shares of DEFT stock opened at $1.62 on Monday. DeFi Technologies Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $4.95. The stock has a market capitalization of $551.05 million, a price-to-earnings ratio of 18.00 and a beta of 3.58. The business's 50-day simple moving average is $2.14.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The company had revenue of $13.42 million during the quarter, compared to analyst estimates of $42.08 million. DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.

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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