Rathbones Group PLC Makes New Investment in DeFi Technologies Inc. $DEFT

Key Points

• Rathbones Group PLC bought a new stake of 2,799,330 shares in DeFi Technologies (NASDAQ:DEFT) during Q2, valued at about $8.79 million and representing roughly 0.83% ownership at quarter-end.
• DeFi reported quarterly EPS of $0.05 (vs. $0.07 consensus) and revenue of $13.42 million (vs. $42.08 million consensus), while the stock trades with a market cap of about $551 million and a one‑year range of $1.50–$4.95.
• Analyst sentiment is mixed — two Buy ratings and one Sell — with a MarketBeat consensus of Hold and a consensus target price of $6.25, despite recent downgrades from some outlets.

Rathbones Group PLC bought a new stake in DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,799,330 shares of the company's stock, valued at approximately $8,789,000. Rathbones Group PLC owned 0.83% of DeFi Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DEFT. Wealth Enhancement Advisory Services LLC purchased a new stake in DeFi Technologies during the 2nd quarter worth $76,000. Public Employees Retirement System of Ohio purchased a new position in DeFi Technologies in the second quarter valued at about $196,000. Novem Group acquired a new position in shares of DeFi Technologies during the second quarter worth about $43,000. HighMark Wealth Management LLC purchased a new stake in shares of DeFi Technologies in the second quarter worth about $35,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of DeFi Technologies in the second quarter worth about $88,000.

DeFi Technologies Stock Performance

NASDAQ:DEFT opened at $1.62 on Monday. The firm has a market capitalization of $551.05 million, a PE ratio of 18.00 and a beta of 3.58. DeFi Technologies Inc. has a one year low of $1.50 and a one year high of $4.95. The stock has a 50-day simple moving average of $2.14.

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 for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%. The business had revenue of $13.42 million for the quarter, compared to analyst estimates of $42.08 million.

Wall Street Analyst Weigh In

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

DeFi Technologies 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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