DeFi Technologies (NASDAQ:DEFT) Upgraded at Wall Street Zen

DeFi Technologies (NASDAQ:DEFT) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities research analysts also recently weighed in on DEFT. Northland Securities set a $2.50 price target on shares of DeFi Technologies in a research report on Monday. Weiss Ratings reissued 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 price target on shares of DeFi Technologies in a report on Friday, September 26th. Finally, Benchmark reduced their price objective on DeFi Technologies from $8.00 to $3.00 and set a “buy” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

DeFi Technologies Trading Down 3.5%

DEFT opened at $0.96 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88. The company has a market capitalization of $324.95 million, a P/E ratio of 19.11 and a beta of 3.58. The business has a fifty day moving average price of $1.97. DeFi Technologies has a 12-month low of $0.91 and a 12-month high of $4.95.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cable Car Capital LP bought a new stake in shares of DeFi Technologies during the 3rd quarter valued at about $10,871,000. Rathbones Group PLC purchased a new position in shares of DeFi Technologies in the second quarter worth approximately $8,789,000. Millennium Management LLC grew its position in DeFi Technologies by 3,123.1% during the third quarter. Millennium Management LLC now owns 2,867,227 shares of the company’s stock valued at $5,980,000 after buying an additional 2,778,268 shares during the period. Bank of Montreal Can purchased a new stake in DeFi Technologies during the second quarter valued at approximately $7,891,000. Finally, Brevan Howard Capital Management LP bought a new position in DeFi Technologies in the third quarter worth approximately $5,275,000.

About DeFi Technologies

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.