Capital Advisors Inc. OK Invests $88,000 in DeFi Technologies Inc. $DEFT

Capital Advisors Inc. OK purchased a new stake in DeFi Technologies Inc. (NASDAQ:DEFT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 30,000 shares of the company’s stock, valued at approximately $88,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighMark Wealth Management LLC purchased a new stake in shares of DeFi Technologies in the second quarter valued at $35,000. Novem Group acquired a new position in DeFi Technologies during the second quarter valued at $43,000. Public Employees Retirement System of Ohio purchased a new stake in DeFi Technologies in the 2nd quarter worth about $196,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in DeFi Technologies during the 2nd quarter worth about $76,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DEFT. Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a report on Saturday, September 27th. HC Wainwright reiterated a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Finally, Wall Street Zen downgraded shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.25.

DeFi Technologies Stock Performance

Shares of DeFi Technologies stock opened at $2.20 on Tuesday. The firm has a market cap of $748.33 million, a price-to-earnings ratio of 24.44 and a beta of 3.65. The firm’s 50-day moving average price is $2.36. DeFi Technologies Inc. has a 52-week low of $1.50 and a 52-week high of $4.95.

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

About DeFi Technologies

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.