DeFi Technologies (NASDAQ:DEFT) Issues Earnings Results

DeFi Technologies (NASDAQ:DEFT – Get Free Report) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02), Zacks reports. DeFi Technologies had a net margin of 56.94% and a return on equity of 42.24%.

DeFi Technologies Price Performance

Shares of DEFT opened at $0.48 on Friday. The firm has a market capitalization of $186.65 million, a PE ratio of 4.81 and a beta of 3.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10. The company’s fifty day moving average price is $0.49 and its 200-day moving average price is $0.63. DeFi Technologies has a 1-year low of $0.39 and a 1-year high of $2.80.

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Institutional Trading of DeFi Technologies

Several large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its stake in shares of DeFi Technologies by 79.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 37,270 shares of the company’s stock worth $28,000 after purchasing an additional 16,524 shares during the last quarter. Royal Bank of Canada increased its holdings in DeFi Technologies by 54.5% in the 4th quarter. Royal Bank of Canada now owns 42,900 shares of the company’s stock worth $33,000 after buying an additional 15,133 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Technologies in the 3rd quarter worth approximately $34,000. CIBC Asset Management Inc purchased a new position in DeFi Technologies during the 4th quarter worth approximately $36,000. Finally, Hudson Bay Capital Management LP purchased a new position in DeFi Technologies during the 2nd quarter worth approximately $41,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of DeFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 8th. Benchmark dropped their target price on DeFi Technologies from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Wall Street Zen raised DeFi Technologies from a “strong sell” rating to a “sell” rating in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.00.

View Our Latest Analysis on DEFT

About DeFi Technologies

(Get Free Report)

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.

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