What is Northland Capmk's Forecast for DEFT FY2025 Earnings?

Key Points

• Northland Capmk has revised down its FY2025 earnings estimate for DeFi Technologies to $0.17 per share, down from $0.21.
• DeFi Technologies reported earnings of $0.05 per share for the previous quarter, missing consensus estimates of $0.07 by $0.02.
• The company's stock has a consensus rating of "Buy" with a price target of $6.25 according to MarketBeat.com.

DeFi Technologies Inc. (NASDAQ:DEFT - Free Report) - Analysts at Northland Capmk dropped their FY2025 earnings per share estimates for DeFi Technologies in a report released on Monday, August 18th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $0.17 for the year, down from their prior estimate of $0.21.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last posted its quarterly 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 net margin of 43.38% and a return on equity of 137.53%.

A number of other analysts also recently weighed in on the stock. Wall Street Zen raised shares of DeFi Technologies to a "hold" rating in a research report on Friday, May 30th. HC Wainwright reaffirmed a "buy" rating and set a $5.50 target price on shares of DeFi Technologies in a research report on Tuesday, August 19th. Finally, Maxim Group lifted their target price on DeFi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, DeFi Technologies has an average rating of "Buy" and an average target price of $6.25.

DeFi Technologies Stock Performance

NASDAQ DEFT traded down $0.03 during trading on Wednesday, hitting $2.21. 1,267,892 shares of the company's stock were exchanged, compared to its average volume of 2,161,859. The firm's 50 day moving average price is $2.82. DeFi Technologies 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 $746.56 million, a P/E ratio of 24.56 and a beta of 3.93.

Institutional Trading of DeFi Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WNY Asset Management LLC purchased a new stake in shares of DeFi Technologies in the second quarter worth $29,000. OMERS ADMINISTRATION Corp bought a new position in DeFi Technologies during the second quarter valued at approximately $31,000. HighMark Wealth Management LLC bought a new stake in shares of DeFi Technologies during the 2nd quarter worth approximately $35,000. Brookstone Capital Management bought a new stake in DeFi Technologies during the 2nd quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of DeFi Technologies in the 2nd quarter valued at $39,000.

About DeFi Technologies

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.