DeFi Development (NASDAQ:DFDV) COO Buys 10,044 Shares

DeFi Development Corp. (NASDAQ:DFDV) COO Parker White acquired 10,044 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was acquired at an average cost of $6.91 per share, for a total transaction of $69,404.04. Following the completion of the purchase, the chief operating officer owned 252,115 shares in the company, valued at $1,742,114.65. The trade was a 4.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

DeFi Development Price Performance

DFDV traded up $0.04 during midday trading on Tuesday, reaching $7.00. 718,754 shares of the company’s stock were exchanged, compared to its average volume of 1,746,603. The company’s 50-day moving average price is $12.58. The firm has a market cap of $210.84 million, a PE ratio of 4.40 and a beta of -7.77. DeFi Development Corp. has a 1-year low of $0.53 and a 1-year high of $53.88. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.54.

DeFi Development (NASDAQ:DFDV) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.88 earnings per share for the quarter. The business had revenue of $1.86 million for the quarter.

DeFi Development declared that its board has authorized a stock repurchase program on Wednesday, September 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 25.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On DeFi Development

Institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new stake in DeFi Development in the 3rd quarter worth about $9,489,000. NewEdge Advisors LLC purchased a new position in shares of DeFi Development during the 3rd quarter worth about $478,000. Centiva Capital LP purchased a new position in shares of DeFi Development during the 3rd quarter worth about $469,000. UBS Group AG acquired a new stake in shares of DeFi Development in the third quarter worth approximately $693,000. Finally, Bank of America Corp DE purchased a new stake in DeFi Development in the third quarter valued at approximately $66,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DFDV has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of DeFi Development from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Cantor Fitzgerald upgraded shares of DeFi Development to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Craig Hallum began coverage on shares of DeFi Development in a report on Monday, August 4th. They set a “buy” rating and a $25.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, DeFi Development presently has an average rating of “Buy” and an average target price of $35.00.

About DeFi Development

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.