B. Riley Equities Analysts Cut Earnings Estimates for DEFT

DeFi Technologies Inc. (NASDAQ:DEFT) – Research analysts at B. Riley reduced their FY2025 EPS estimates for shares of DeFi Technologies in a report issued on Monday, November 17th. B. Riley analyst H. Goetsch now forecasts that the company will post earnings of $0.19 per share for the year, down from their previous estimate of $0.28. B. Riley also issued estimates for DeFi Technologies’ Q4 2025 earnings at $0.05 EPS.

Other research analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating and set a $5.50 target price on shares of DeFi Technologies in a research note on Friday, September 26th. Northland Securities set a $2.50 price target on shares of DeFi Technologies in a research note on Monday. Finally, Wall Street Zen lowered shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

DeFi Technologies Stock Performance

Shares of DEFT opened at $1.09 on Tuesday. The stock’s 50 day moving average price is $2.05. The stock has a market capitalization of $370.77 million, a PE ratio of 21.80 and a beta of 3.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.87. DeFi Technologies has a one year low of $1.00 and a one year high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last announced its earnings results on Friday, November 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). DeFi Technologies had a net margin of 23.89% and a return on equity of 105.69%. The company had revenue of $22.53 million during the quarter, compared to analyst estimates of $41.00 million. DeFi Technologies has set its FY 2025 guidance at EPS.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cable Car Capital LP purchased a new stake in shares of DeFi Technologies in the 3rd quarter valued at approximately $10,871,000. Marshall Wace LLP boosted its position in shares of DeFi Technologies by 128.0% during the 3rd quarter. Marshall Wace LLP now owns 4,384,356 shares of the company’s stock worth $9,251,000 after purchasing an additional 2,461,204 shares during the period. Millennium Management LLC increased its holdings in DeFi Technologies by 3,123.1% in the 3rd quarter. Millennium Management LLC now owns 2,867,227 shares of the company’s stock valued at $5,980,000 after purchasing an additional 2,778,268 shares during the last quarter. Rathbones Group PLC purchased a new stake in DeFi Technologies in the second quarter valued at approximately $8,789,000. Finally, Bank of Montreal Can acquired a new position in DeFi Technologies during the second quarter worth $7,891,000.

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.