DeFi Technologies Inc. (NASDAQ:DEFT) Stock Has Consensus Price Target of $1.44 According to Brokerages

Shares of DeFi Technologies Inc. (NASDAQ:DEFT – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $1.44.

Several analysts have recently weighed in on the stock. Benchmark lowered their price objective on shares of DeFi Technologies from $2.00 to $1.00 and set a “buy” rating for the company in a research note on Tuesday, August 18th. Weiss Ratings upgraded shares of DeFi Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Maxim Group cut shares of DeFi Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded shares of DeFi Technologies to a “strong sell” rating in a research note on Saturday, August 15th. Finally, Northland Securities set a $1.25 price objective on shares of DeFi Technologies in a report on Monday, August 17th.

Check Out Our Latest Report on DEFT

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DEFT. Amundi bought a new position in DeFi Technologies in the second quarter worth approximately $40,000. GTS Securities LLC bought a new stake in shares of DeFi Technologies during the second quarter valued at approximately $61,000. Public Employees Retirement System of Ohio bought a new stake in shares of DeFi Technologies during the second quarter valued at approximately $64,000. Cable Car Capital LP bought a new stake in shares of DeFi Technologies during the second quarter valued at approximately $677,000. Finally, Legal & General Group Plc acquired a new position in shares of DeFi Technologies during the second quarter worth approximately $185,000.

DeFi Technologies Stock Performance

Shares of DEFT opened at $0.39 on Tuesday. DeFi Technologies has a 52-week low of $0.39 and a 52-week high of $2.13. The business’s 50 day moving average price is $0.53 and its two-hundred day moving average price is $0.63. The firm has a market cap of $151.42 million, a PE ratio of 6.50 and a beta of 4.14.

DeFi Technologies (NASDAQ:DEFT – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). DeFi Technologies had a return on equity of 15.43% and a net margin of 39.65%. Research analysts predict that DeFi Technologies will post -0.04 EPS for the current fiscal year.

About DeFi Technologies

(Get Free Report)

DeFi Technologies Inc is a Canadian financial technology company focused on digital assets and decentralized finance. Through its operating businesses, the company develops investment products, provides digital-asset infrastructure and trading services, and invests in emerging companies and technologies across the blockchain sector.

Its Valour subsidiary issues exchange-traded products designed to provide investors with exposure to digital assets through regulated stock exchanges. The company also operates Reflexivity Research, which produces research and analysis on blockchain networks and digital assets, and Stillman Digital, which provides institutional trading, liquidity and related services for participants in the digital-asset market.

DeFi Technologies serves institutional and other investors in international markets, with activities spanning North America, Europe and other global regions.

Recommended Stories

Analyst Recommendations for DeFi Technologies (NASDAQ:DEFT)

Receive News & Ratings for DeFi Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DeFi Technologies and related companies with MarketBeat.com's FREE daily email newsletter.