DeFi Technologies (NASDAQ:DEFT) Issues Quarterly Earnings Results

DeFi Technologies (NASDAQ:DEFT) posted its earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06), Zacks reports. DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%. DeFi Technologies updated its FY 2025 guidance to EPS.

DeFi Technologies Trading Down 15.2%

Shares of DEFT stock traded down $0.22 during trading on Friday, reaching $1.23. The company’s stock had a trading volume of 25,449,977 shares, compared to its average volume of 9,215,107. DeFi Technologies has a one year low of $1.00 and a one year high of $4.95. The firm’s fifty day moving average is $2.09. The stock has a market capitalization of $418.38 million, a P/E ratio of 13.67 and a beta of 3.58.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DEFT. Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, October 8th. HC Wainwright restated a “buy” rating and set a $5.50 target price on shares of DeFi Technologies in a report on Friday, September 26th. Finally, Wall Street Zen lowered shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.25.

Institutional Investors Weigh In On DeFi Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Visionary Wealth Advisors bought a new position in shares of DeFi Technologies in the 2nd quarter valued at about $431,000. Hudson Bay Capital Management LP bought a new stake in DeFi Technologies during the second quarter worth about $41,000. Legal & General Group Plc raised its holdings in DeFi Technologies by 7.2% during the third quarter. Legal & General Group Plc now owns 316,384 shares of the company’s stock worth $648,000 after acquiring an additional 21,384 shares in the last quarter. Marshall Wace LLP boosted its position in DeFi Technologies by 128.0% during the third quarter. Marshall Wace LLP now owns 4,384,356 shares of the company’s stock valued at $9,251,000 after purchasing an additional 2,461,204 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in DeFi Technologies in the third quarter valued at approximately $100,000.

About DeFi Technologies

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.