67,846 Shares in DeFi Technologies Inc. $DEFT Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in DeFi Technologies Inc. (NASDAQ:DEFT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 67,846 shares of the company’s stock, valued at approximately $196,000.

Separately, Wealth Enhancement Advisory Services LLC purchased a new position in DeFi Technologies during the 2nd quarter valued at $76,000.

Wall Street Analyst Weigh In

DEFT has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research report on Saturday, September 27th. HC Wainwright reissued a “buy” rating and set a $5.50 price objective on shares of DeFi Technologies in a research report on Friday, September 26th. Finally, Wall Street Zen downgraded shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.25.

DeFi Technologies Stock Performance

Shares of DeFi Technologies stock opened at $2.20 on Tuesday. The company has a market cap of $748.33 million, a PE ratio of 24.44 and a beta of 3.65. The stock has a 50-day moving average price of $2.36. DeFi Technologies Inc. has a 1 year low of $1.50 and a 1 year high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $13.42 million during the quarter, compared to the consensus estimate of $42.08 million. DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.

DeFi Technologies 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.