DeFi Technologies (NASDAQ:DEFT) Stock Rating Lowered by Wall Street Zen

DeFi Technologies (NASDAQ:DEFT) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Other research analysts also recently issued reports about the company. HC Wainwright restated a “buy” rating and issued a $5.50 price target on shares of DeFi Technologies in a research note on Friday, September 26th. Benchmark cut their price target on shares of DeFi Technologies from $8.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, October 8th. Finally, Northland Securities set a $2.50 target price on shares of DeFi Technologies in a research note on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.50.

DeFi Technologies Trading Down 15.1%

Shares of NASDAQ:DEFT opened at $1.29 on Friday. The stock has a 50 day moving average of $1.82 and a 200 day moving average of $2.48. The company has a market cap of $497.40 million, a PE ratio of 25.81 and a beta of 3.83. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.02. DeFi Technologies has a 12-month low of $0.91 and a 12-month high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last released its earnings results on Friday, November 14th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). DeFi Technologies had a return on equity of 105.69% and a net margin of 23.89%.The firm had revenue of $22.53 million for the quarter, compared to the consensus estimate of $41.00 million. DeFi Technologies has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On DeFi Technologies

Several large investors have recently modified their holdings of the business. Polar Asset Management Partners Inc. bought a new position in shares of DeFi Technologies during the third quarter valued at approximately $1,652,000. Caitong International Asset Management Co. Ltd purchased a new stake in DeFi Technologies during the third quarter worth $34,000. Prelude Capital Management LLC bought a new stake in DeFi Technologies during the 3rd quarter valued at $87,000. Millennium Management LLC boosted its position in DeFi Technologies by 3,123.1% during the 3rd quarter. Millennium Management LLC now owns 2,867,227 shares of the company’s stock valued at $5,980,000 after acquiring an additional 2,778,268 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of DeFi Technologies during the 3rd quarter worth $5,275,000.

DeFi Technologies Company Profile

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.