DeFi Development (NASDAQ:DFDV) Issues Quarterly Earnings Results

DeFi Development (NASDAQ:DFDV) posted its quarterly earnings data on Monday. The company reported ($1.50) earnings per share (EPS) for the quarter, Zacks reports.

DeFi Development Stock Down 2.5%

DFDV stock opened at $3.47 on Tuesday. The business has a 50 day moving average of $4.32 and a 200 day moving average of $8.05. The firm has a market cap of $110.55 million, a PE ratio of 1.36 and a beta of -6.37. DeFi Development has a twelve month low of $0.57 and a twelve month 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.

Institutional Investors Weigh In On DeFi Development

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of DeFi Development during the third quarter valued at $66,000. Wells Fargo & Company MN boosted its stake in DeFi Development by 34.2% in the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after purchasing an additional 10,651 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in DeFi Development during the 4th quarter valued at about $57,000. Price T Rowe Associates Inc. MD bought a new stake in DeFi Development during the 4th quarter valued at about $71,000. Finally, LPL Financial LLC bought a new stake in DeFi Development during the 4th quarter valued at about $75,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, January 21st. Wall Street Zen cut shares of DeFi Development from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, DeFi Development presently has a consensus rating of “Buy” and an average price target of $35.00.

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.