DeFi Technologies Sees Unusually Large Options Volume (NASDAQ:DEFT)

DeFi Technologies Inc. (NASDAQ:DEFT) saw some unusual options trading on Wednesday. Investors acquired 6,165 call options on the company. This represents an increase of 103% compared to the typical volume of 3,031 call options.

Institutional Investors Weigh In On DeFi Technologies

Several institutional investors have recently bought and sold shares of the company. Hudson Bay Capital Management LP bought a new stake in DeFi Technologies in the 2nd quarter valued at approximately $41,000. Corient Private Wealth LLC bought a new stake in DeFi Technologies in the 2nd quarter valued at approximately $1,723,000. Captrust Financial Advisors bought a new stake in DeFi Technologies in the 2nd quarter valued at approximately $57,000. Visionary Wealth Advisors bought a new stake in DeFi Technologies in the 2nd quarter valued at approximately $431,000. Finally, Shay Capital LLC bought a new stake in DeFi Technologies in the 2nd quarter valued at approximately $50,000.

DeFi Technologies Price Performance

Shares of DEFT opened at $2.61 on Thursday. The company has a 50 day simple moving average of $2.51. DeFi Technologies has a 52-week low of $1.50 and a 52-week high of $4.95. The firm has a market cap of $885.60 million, a price-to-earnings ratio of 29.00 and a beta of 3.86.

DeFi Technologies (NASDAQ:DEFT) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DEFT shares. HC Wainwright restated a “buy” rating and issued a $5.50 target price on shares of DeFi Technologies in a research note on Tuesday, August 19th. Wall Street Zen lowered DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $6.25.

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.