Traders Purchase Large Volume of DeFi Development Call Options (NASDAQ:DFDV)

DeFi Development Corp. (NASDAQ:DFDV) saw unusually large options trading on Tuesday. Investors bought 7,976 call options on the company. This represents an increase of approximately 50% compared to the average daily volume of 5,316 call options.

DeFi Development Trading Down 6.1%

DeFi Development stock opened at $16.03 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $406.68 million, a P/E ratio of 24.03 and a beta of -7.36. The company has a 50 day moving average price of $18.76. DeFi Development has a 12 month low of $0.49 and a 12 month high of $53.88.

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

Analyst Ratings Changes

DFDV has been the subject of a number of recent analyst reports. Cantor Fitzgerald raised DeFi Development to a “strong-buy” rating in a report on Wednesday, August 13th. Wall Street Zen cut DeFi Development from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Finally, Craig Hallum initiated coverage on DeFi Development in a research report on Monday, August 4th. They issued a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of $35.00.

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.