DeFi Technologies’ (DEFT) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of DeFi Technologies (NASDAQ:DEFT) in a research report report published on Friday morning,Benzinga reports. HC Wainwright currently has a $5.50 price objective on the stock.

Separately, Wall Street Zen cut DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $6.25.

DeFi Technologies Stock Performance

DEFT stock opened at $2.13 on Friday. The firm has a fifty day simple moving average of $2.47. DeFi Technologies has a 12 month low of $1.50 and a 12 month high of $4.95. The stock has a market cap of $724.52 million, a P/E ratio of 23.67 and a beta of 3.89.

DeFi Technologies (NASDAQ:DEFT) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.02). DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.The business had revenue of $13.42 million for the quarter, compared to analysts’ expectations of $42.08 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. WNY Asset Management LLC purchased a new position in DeFi Technologies during the second quarter worth about $29,000. OMERS ADMINISTRATION Corp purchased a new position in shares of DeFi Technologies during the 2nd quarter worth approximately $31,000. HighMark Wealth Management LLC acquired a new stake in shares of DeFi Technologies in the 2nd quarter valued at approximately $35,000. Brookstone Capital Management acquired a new stake in shares of DeFi Technologies in the 2nd quarter valued at approximately $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $39,000.

DeFi Technologies Company Profile

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.