Stock Traders Buy Large Volume of DeFi Development Call Options (NASDAQ:DFDV)

Key Points

• Traders have significantly increased their activity in call options for DeFi Development Corp. (NASDAQ:DFDV), acquiring 7,976 call options on a day, which is a 50% rise from the average daily volume.
• The stock rose 6.5% to $15.98, with a trading volume of over 2 million shares.
• Analysts have mixed sentiments on the stock, with one firm rating it as a "strong-buy" while another downgraded it to a "sell." The average target price stands at $35.00.

DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors bought 7,976 call options on the stock. This is an increase of 50% compared to the average volume of 5,316 call options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DFDV shares. Craig Hallum started coverage on shares of DeFi Development in a report on Monday, August 4th. They issued a "buy" rating and a $25.00 price target on the stock. Cantor Fitzgerald upgraded shares of DeFi Development to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of DeFi Development from a "hold" rating to a "sell" rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy" and an average price target of $35.00.

DeFi Development Price Performance

Shares of NASDAQ DFDV traded up $1.57 during midday trading on Friday, reaching $17.59. 3,199,818 shares of the stock traded hands, compared to its average volume of 2,879,131. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $449.85 million, a PE ratio of 26.37 and a beta of -7.36. DeFi Development has a one year low of $0.49 and a one year high of $53.88. The stock has a 50 day moving average of $18.48.

DeFi Development (NASDAQ:DFDV - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $1.99 million during the quarter. DeFi Development had a negative return on equity of 26.19% and a negative net margin of 129.81%.

About DeFi Development

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.