DeFi Development (NASDAQ:DFDV) Price Target Raised to $7.00 at Cantor Fitzgerald

DeFi Development (NASDAQ:DFDV) had its target price lifted by equities researchers at Cantor Fitzgerald from $6.00 to $7.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 79.26% from the stock’s current price.

Other analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Monday, April 20th. Wall Street Zen lowered shares of DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, DeFi Development has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

DeFi Development Trading Down 0.9%

Shares of NASDAQ:DFDV traded down $0.04 during mid-day trading on Wednesday, reaching $3.91. 172,532 shares of the company were exchanged, compared to its average volume of 1,206,501. DeFi Development has a 1 year low of $2.96 and a 1 year high of $33.75. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $5.15. The firm has a market cap of $117.61 million, a price-to-earnings ratio of -0.48 and a beta of -4.24.

DeFi Development (NASDAQ:DFDV) last released its quarterly earnings results on Tuesday, May 19th. The company reported $999.00 EPS for the quarter. The business had revenue of $2.66 million during the quarter. DeFi Development had a positive return on equity of 15.58% and a negative net margin of 1,136.38%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DFDV. Bank of New York Mellon Corp acquired a new stake in DeFi Development during the 1st quarter worth $145,000. BlueChip Wealth Advisors LLC purchased a new position in shares of DeFi Development during the first quarter worth about $58,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of DeFi Development during the fourth quarter worth about $47,000. Aristides Capital LLC acquired a new stake in shares of DeFi Development during the fourth quarter worth about $187,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of DeFi Development by 64.6% in the 4th quarter. NewEdge Advisors LLC now owns 51,408 shares of the company’s stock valued at $260,000 after purchasing an additional 20,183 shares during the last quarter. Institutional investors and hedge funds own 0.48% of the company’s stock.

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.