Y Intercept Hong Kong Ltd Takes $912,000 Position in DeFi Technologies Inc. $DEFT

Y Intercept Hong Kong Ltd acquired a new stake in shares of DeFi Technologies Inc. (NASDAQ:DEFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 311,231 shares of the company’s stock, valued at approximately $912,000. Y Intercept Hong Kong Ltd owned approximately 0.09% of DeFi Technologies at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DEFT. Wealth Enhancement Advisory Services LLC purchased a new position in shares of DeFi Technologies during the 2nd quarter valued at about $76,000. Public Employees Retirement System of Ohio purchased a new position in shares of DeFi Technologies during the 2nd quarter valued at about $196,000. Novem Group purchased a new position in shares of DeFi Technologies during the 2nd quarter valued at about $43,000. HighMark Wealth Management LLC purchased a new position in shares of DeFi Technologies during the 2nd quarter valued at about $35,000. Finally, Capital Advisors Inc. OK purchased a new position in shares of DeFi Technologies during the 2nd quarter valued at about $88,000.

DeFi Technologies Price Performance

Shares of DeFi Technologies stock opened at $1.76 on Wednesday. DeFi Technologies Inc. has a 52-week low of $1.55 and a 52-week high of $4.95. The company has a market capitalization of $598.66 million, a PE ratio of 19.56 and a beta of 3.58. The business has a 50 day moving average price of $2.17.

DeFi Technologies (NASDAQ:DEFT) last issued its earnings results 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). DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.The firm had revenue of $13.42 million during the quarter, compared to the consensus estimate of $42.08 million.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DEFT shares. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, October 8th. HC Wainwright reissued a “buy” rating and set a $5.50 price objective on shares of DeFi Technologies in a report on Friday, September 26th. Finally, Wall Street Zen cut DeFi Technologies from a “hold” rating to a “sell” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.