DeFi Development (NASDAQ:DFDV) Trading Up 9.2% – Should You Buy?

DeFi Development Corp. (NASDAQ:DFDV)’s stock price was up 9.2% on Thursday . The company traded as high as $26.50 and last traded at $24.64. Approximately 2,636,003 shares traded hands during trading, an increase of 55% from the average daily volume of 1,698,848 shares. The stock had previously closed at $22.57.

Wall Street Analysts Forecast Growth

DFDV has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on shares of DeFi Development in a research note on Monday, June 16th. They issued an “overweight” rating and a $45.00 price objective on the stock. Wall Street Zen raised shares of DeFi Development to a “hold” rating in a research note on Friday, May 23rd.

DeFi Development Trading Up 9.2%

The company has a market cap of $362.95 million, a P/E ratio of -97.45 and a beta of -7.12.

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.