Benchmark Issues Pessimistic Forecast for DeFi Technologies (NASDAQ:DEFT) Stock Price

DeFi Technologies (NASDAQ:DEFTGet Free Report) had its price objective dropped by equities researchers at Benchmark from $3.00 to $2.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 181.65% from the stock’s previous close.

A number of other equities analysts have also commented on the stock. Maxim Group reduced their target price on shares of DeFi Technologies from $2.00 to $1.50 and set a “buy” rating on the stock in a research report on Monday, April 13th. Weiss Ratings raised shares of DeFi Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, April 8th. B. Riley Financial reaffirmed a “buy” rating on shares of DeFi Technologies in a research report on Wednesday, April 8th. Wall Street Zen raised shares of DeFi Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, HC Wainwright reduced their target price on shares of DeFi Technologies from $5.50 to $2.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, DeFi Technologies has an average rating of “Moderate Buy” and a consensus target price of $2.00.

Check Out Our Latest Stock Report on DeFi Technologies

DeFi Technologies Stock Performance

DeFi Technologies stock opened at $0.71 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 1.10. DeFi Technologies has a 1-year low of $0.47 and a 1-year high of $4.05. The firm has a market capitalization of $275.44 million, a P/E ratio of 7.10 and a beta of 4.07. The company’s 50-day moving average is $0.71 and its 200 day moving average is $0.93.

DeFi Technologies (NASDAQ:DEFTGet Free Report) last issued its earnings results on Thursday, April 2nd. The company reported $0.08 EPS for the quarter. The business had revenue of $19.08 million for the quarter. DeFi Technologies had a net margin of 56.94% and a return on equity of 42.24%.

Hedge Funds Weigh In On DeFi Technologies

Several institutional investors have recently bought and sold shares of DEFT. SG Americas Securities LLC purchased a new position in DeFi Technologies during the first quarter valued at approximately $25,000. Commonwealth Equity Services LLC increased its holdings in DeFi Technologies by 79.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 37,270 shares of the company’s stock valued at $28,000 after buying an additional 16,524 shares during the period. Jones Financial Companies Lllp increased its holdings in DeFi Technologies by 971.4% during the third quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company’s stock valued at $32,000 after buying an additional 13,600 shares during the period. Royal Bank of Canada increased its holdings in DeFi Technologies by 54.5% during the fourth quarter. Royal Bank of Canada now owns 42,900 shares of the company’s stock valued at $33,000 after buying an additional 15,133 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in DeFi Technologies during the third quarter valued at approximately $34,000.

DeFi Technologies Company Profile

(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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Analyst Recommendations for DeFi Technologies (NASDAQ:DEFT)

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