Northland Capmk Has Negative Outlook of 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) - Investment analysts at Northland Capmk cut their FY2025 EPS estimates for DeFi Technologies in a research report issued on Monday, August 18th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.17 per share for the year, down from their prior estimate of $0.21.

DeFi Technologies (NASDAQ:DEFT - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.02). The business 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%.

Several other research analysts have also recently issued reports on DEFT. Wall Street Zen raised shares of DeFi Technologies to a "hold" rating in a report on Friday, May 30th. Maxim Group increased their price target on shares of DeFi Technologies from $6.50 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, May 27th. Finally, HC Wainwright reissued a "buy" rating and set a $5.50 price objective on shares of DeFi Technologies in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, DeFi Technologies presently has an average rating of "Buy" and an average price target of $6.25.

DeFi Technologies Trading Up 6.7%

NASDAQ DEFT traded up $0.14 during trading hours on Wednesday, hitting $2.24. 4,302,249 shares of the stock were exchanged, compared to its average volume of 4,698,663. The company has a market cap of $756.69 million, a P/E ratio of 24.89 and a beta of 3.93. DeFi Technologies has a 12-month low of $1.50 and a 12-month high of $4.95. The stock has a 50-day moving average of $2.82.

Institutional Trading of DeFi Technologies

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of DeFi Technologies during the second quarter valued at $76,000. Public Employees Retirement System of Ohio bought a new position in DeFi Technologies in the 2nd quarter valued at about $196,000. Novem Group acquired a new position in DeFi Technologies during the 2nd quarter valued at about $43,000. HighMark Wealth Management LLC bought a new stake in shares of DeFi Technologies during the 2nd quarter worth about $35,000. Finally, Capital Advisors Inc. OK bought a new position in shares of DeFi Technologies in the second quarter valued at approximately $88,000.

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.