DeFi Development (NASDAQ:DFDV) Upgraded to “Hold” at Wall Street Zen

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

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $35.00.

DeFi Development Trading Down 2.4%

NASDAQ:DFDV opened at $3.72 on Friday. The firm has a market capitalization of $118.52 million, a P/E ratio of 1.46 and a beta of -6.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.77 and a quick ratio of 1.77. DeFi Development has a one year low of $0.53 and a one year high of $53.88. The company’s 50-day simple moving average is $5.42 and its 200 day simple moving average is $10.39.

DeFi Development (NASDAQ:DFDV) last released its earnings results on Wednesday, November 19th. The company reported $1.88 earnings per share (EPS) for the quarter. The business had revenue of $1.86 million for the quarter.

Insider Buying and Selling

In other news, COO Parker White acquired 17,760 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $5.76 per share, for a total transaction of $102,297.60. Following the acquisition, the chief operating officer directly owned 269,875 shares in the company, valued at approximately $1,554,480. The trade was a 7.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel Kang bought 4,200 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were acquired at an average price of $6.90 per share, for a total transaction of $28,980.00. Following the completion of the purchase, the insider owned 7,181 shares in the company, valued at approximately $49,548.90. The trade was a 140.89% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 32,004 shares of company stock valued at $200,682. 19.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On DeFi Development

Large investors have recently bought and sold shares of the business. UBS Group AG purchased a new position in DeFi Development in the 3rd quarter worth about $693,000. Polar Asset Management Partners Inc. bought a new stake in shares of DeFi Development in the third quarter worth approximately $6,379,000. Bank of America Corp DE purchased a new position in shares of DeFi Development during the third quarter valued at approximately $66,000. Centiva Capital LP bought a new position in DeFi Development during the third quarter valued at approximately $469,000. Finally, Millennium Management LLC purchased a new stake in DeFi Development in the third quarter worth approximately $1,982,000. 0.48% of the stock is currently owned by institutional investors.

About DeFi Development

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.