DeFi Development (NASDAQ:DFDV – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $3.31 million during the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 13.02%.
DeFi Development Stock Up 1.1%
NASDAQ DFDV traded up $0.04 during trading hours on Friday, hitting $3.08. 706,615 shares of the company traded hands, compared to its average volume of 1,077,912. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50-day moving average is $2.92 and its 200-day moving average is $3.71. The stock has a market capitalization of $92.92 million, a price-to-earnings ratio of -0.31 and a beta of -3.94. DeFi Development has a twelve month low of $2.44 and a twelve month high of $20.30.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on DFDV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald decreased their target price on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.70.
Institutional Investors Weigh In On DeFi Development
Large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in DeFi Development during the fourth quarter worth $192,000. Quadrature Capital Ltd acquired a new position in shares of DeFi Development during the 4th quarter worth about $318,000. Engineers Gate Manager LP bought a new stake in shares of DeFi Development in the 4th quarter valued at about $369,000. OMERS ADMINISTRATION Corp bought a new stake in shares of DeFi Development in the 4th quarter valued at about $240,000. Finally, State Street Corp lifted its stake in DeFi Development by 26.9% in the 4th quarter. State Street Corp now owns 80,647 shares of the company’s stock valued at $407,000 after purchasing an additional 17,100 shares during the last quarter. 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.
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