DeFi Development (NASDAQ:DFDV – Get Free Report) had its target price cut by equities research analysts at Cantor Fitzgerald from $7.00 to $4.70 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 47.57% from the company’s previous close.
Other analysts have also issued research reports about the company. Wall Street Zen lowered DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.85.
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DeFi Development Price Performance
DeFi Development (NASDAQ:DFDV – Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The company reported $999.00 EPS for the quarter. DeFi Development had a positive return on equity of 15.58% and a negative net margin of 1,136.38%.The company had revenue of $2.66 million during the quarter.
Institutional Investors Weigh In On DeFi Development
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Pantera Capital Partners LP purchased a new stake in shares of DeFi Development in the 3rd quarter worth $13,207,000. Alyeska Investment Group L.P. bought a new stake in shares of DeFi Development in the third quarter valued at about $9,489,000. Polar Asset Management Partners Inc. bought a new position in DeFi Development during the 3rd quarter worth about $6,379,000. Millennium Management LLC increased its position in DeFi Development by 215.0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after purchasing an additional 278,334 shares during the period. Finally, Geode Capital Management LLC increased its position in DeFi Development by 65.6% during the 4th quarter. Geode Capital Management LLC now owns 288,054 shares of the company’s stock valued at $1,455,000 after purchasing an additional 114,118 shares during the period. 0.48% of the stock is owned by institutional investors.
DeFi Development Company Profile
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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