24,183 Shares in DeFi Technologies Inc. $DEFT Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC bought a new stake in DeFi Technologies Inc. (NASDAQ:DEFT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,183 shares of the company’s stock, valued at approximately $76,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DEFT shares. HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research report on Friday, September 26th. Wall Street Zen upgraded DeFi Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.25.

DeFi Technologies Price Performance

DEFT opened at $2.05 on Monday. DeFi Technologies Inc. has a 1 year low of $1.50 and a 1 year high of $4.95. The business has a 50 day moving average of $2.31. The firm has a market capitalization of $697.31 million, a PE ratio of 22.78 and a beta of 3.65.

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

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.