Traders Buy Large Volume of DeFi Technologies Call Options (NASDAQ:DEFT)

Key Points

• Traders showed significant interest in DeFi Technologies (NASDAQ:DEFT) options, with 13,768 call options purchased, marking a 175% increase in volume compared to the average.
• The company's stock price rose by 4.1%, reaching $2.14, with a trading volume of over 7.5 million shares, significantly surpassing its average.
• Despite the recent trading activity, analysts' ratings are mixed, with a consensus rating of "Hold" and a price target averaging around $6.25, reflecting cautious sentiment amongst investors.

DeFi Technologies Inc. (NASDAQ:DEFT - Get Free Report) was the target of some unusual options trading on Monday. Stock investors bought 13,768 call options on the stock. This represents an increase of 175% compared to the average volume of 5,001 call options.

DeFi Technologies Trading Up 4.1%

Shares of DeFi Technologies stock traded up $0.09 on Monday, reaching $2.14. The company had a trading volume of 7,560,814 shares, compared to its average volume of 3,381,789. The firm has a market capitalization of $726.22 million, a price-to-earnings ratio of 23.72 and a beta of 3.65. The firm's 50-day simple moving average is $2.26. DeFi Technologies has a 1 year low of $1.50 and a 1 year high of $4.95.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $42.08 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Rathbones Group PLC purchased a new position in shares of DeFi Technologies during the second quarter valued at approximately $8,789,000. Bank of Montreal Can purchased a new position in shares of DeFi Technologies during the second quarter valued at approximately $7,891,000. Marshall Wace LLP purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $5,635,000. Invesco Ltd. purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $3,266,000. Finally, Swiss National Bank purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $1,727,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of DeFi Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised DeFi Technologies from a "sell" rating to a "hold" rating in a report on Saturday, October 11th. Finally, HC Wainwright restated a "buy" rating and set a $5.50 price objective on shares of DeFi Technologies in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $6.25.

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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