DeFi Development (NASDAQ:DFDV) Cut to Sell at Wall Street Zen

DeFi Development (NASDAQ:DFDV) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other analysts also recently weighed in on DFDV. Cantor Fitzgerald upgraded DeFi Development to a “strong-buy” rating in a research report on Wednesday, August 13th. Craig Hallum started coverage on DeFi Development in a research report on Monday, August 4th. They set a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, DeFi Development currently has a consensus rating of “Strong Buy” and a consensus target price of $35.00.

DeFi Development Price Performance

Shares of NASDAQ DFDV opened at $14.96 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $19.06. DeFi Development has a one year low of $0.49 and a one year high of $53.88. The firm has a market cap of $314.91 million, a price-to-earnings ratio of 22.42 and a beta of -7.36.

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

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.