DeFi Development (NASDAQ:DFDV) Cut to Sell at Wall Street Zen

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

Separately, Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $35.00.

DeFi Development Price Performance

Shares of NASDAQ:DFDV opened at $4.09 on Friday. DeFi Development has a one year low of $0.57 and a one year high of $53.88. The stock has a fifty day moving average of $4.79 and a 200-day moving average of $8.66. The company has a market capitalization of $130.14 million, a PE ratio of 1.61 and a beta of -6.40. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 1.77.

Institutional Trading of DeFi Development

Several hedge funds and other institutional investors have recently modified their holdings of DFDV. Caitong International Asset Management Co. Ltd purchased a new stake in shares of DeFi Development in the fourth quarter worth approximately $47,000. Aristides Capital LLC purchased a new position in DeFi Development during the fourth quarter valued at approximately $187,000. NewEdge Advisors LLC increased its stake in DeFi Development by 64.6% in the 4th quarter. NewEdge Advisors LLC now owns 51,408 shares of the company’s stock valued at $260,000 after buying an additional 20,183 shares during the period. XTX Topco Ltd purchased a new stake in DeFi Development in the 4th quarter worth approximately $192,000. Finally, Quadrature Capital Ltd purchased a new stake in DeFi Development in the 4th quarter worth approximately $318,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

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.