DeFi Development (NASDAQ:DFDV) Upgraded by Cantor Fitzgerald to “Strong-Buy” Rating

Cantor Fitzgerald upgraded shares of DeFi Development (NASDAQ:DFDV) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

DFDV has been the topic of a number of other research reports. Wall Street Zen lowered DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Craig Hallum began coverage on DeFi Development in a report on Monday, August 4th. They issued a “buy” rating and a $25.00 target price on the stock.

DeFi Development Stock Down 4.5%

Shares of DFDV opened at $18.69 on Wednesday. The firm has a market capitalization of $363.52 million, a P/E ratio of 28.02 and a beta of -7.30. The business’s 50-day simple moving average is $21.74. DeFi Development has a fifty-two week low of $0.48 and a fifty-two week high of $53.88.

DeFi Development (NASDAQ:DFDV) last released its earnings results on Thursday, August 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $1.99 million during the quarter. DeFi Development had a negative net margin of 129.81% and a negative return on equity of 171.40%.

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.