DeFi Development (NASDAQ:DFDV) Stock Rating Upgraded by Cantor Fitzgerald

DeFi Development (NASDAQ:DFDV) was upgraded by Cantor Fitzgerald to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

DFDV has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of DeFi Development from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $35.00.

DeFi Development Stock Up 5.6%

NASDAQ:DFDV opened at $3.95 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.28. The stock has a 50 day moving average of $3.90 and a 200-day moving average of $7.32. The firm has a market capitalization of $116.55 million, a PE ratio of -0.78 and a beta of -5.00. DeFi Development has a 52 week low of $2.96 and a 52 week high of $53.88.

DeFi Development (NASDAQ:DFDV) last announced its quarterly earnings results on Monday, March 30th. The company reported ($1.50) earnings per share (EPS) for the quarter. The company had revenue of $4.49 million during the quarter.

Institutional Trading of DeFi Development

Several hedge funds and other institutional investors have recently modified their holdings of DFDV. Bank of America Corp DE purchased a new stake in DeFi Development in the 3rd quarter worth about $66,000. Farther Finance Advisors LLC purchased a new position in shares of DeFi Development during the 4th quarter valued at $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of DeFi Development in the fourth quarter worth $47,000. Wells Fargo & Company MN raised its holdings in shares of DeFi Development by 34.2% during the fourth quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after acquiring an additional 10,651 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in DeFi Development during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

DeFi Development Company Profile

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.