DeFi Development (NASDAQ:DFDV) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of DeFi Development (NASDAQ:DFDV) from a strong sell rating to a sell rating in a report published on Saturday morning,Wall Street Zen reports.

Several other equities research analysts have also commented on DFDV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a research report on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.40 price objective (up from $4.70) on shares of DeFi Development in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, DeFi Development currently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

DeFi Development Stock Performance

Shares of DFDV opened at $5.08 on Friday. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.27 and a quick ratio of 1.27. DeFi Development has a one year low of $2.44 and a one year high of $18.99. The firm has a market capitalization of $157.48 million, a P/E ratio of -0.51 and a beta of -3.75. The business has a fifty day moving average of $3.66 and a 200 day moving average of $3.77.

DeFi Development (NASDAQ:DFDV) last posted its earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $3.31 million during the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%.

Insiders Place Their Bets

In related news, insider Daniel Kang bought 13,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $37,830.00. Following the completion of the transaction, the insider owned 13,000 shares of the company’s stock, valued at approximately $37,830. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Parker White purchased 10,069 shares of the business’s stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $3.91 per share, with a total value of $39,369.79. Following the acquisition, the insider directly owned 279,944 shares of the company’s stock, valued at $1,094,581.04. This trade represents a 3.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 34,069 shares of company stock worth $119,880. 23.61% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new stake in DeFi Development in the 3rd quarter worth approximately $66,000. Caitong International Asset Management Co. Ltd purchased a new position in DeFi Development during the fourth quarter valued at approximately $47,000. Squarepoint Ops LLC purchased a new position in DeFi Development during the fourth quarter valued at approximately $57,000. Price T Rowe Associates Inc. MD bought a new position in shares of DeFi Development in the fourth quarter worth approximately $71,000. Finally, LPL Financial LLC bought a new position in shares of DeFi Development in the fourth quarter worth approximately $75,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

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.