HighMark Wealth Management LLC Invests $35,000 in DeFi Technologies Inc. $DEFT

HighMark Wealth Management LLC acquired a new stake in DeFi Technologies Inc. (NASDAQ:DEFT) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $35,000.

Other large investors have also recently added to or reduced their stakes in the company. Novem Group acquired a new stake in DeFi Technologies in the 2nd quarter valued at about $43,000. Wealth Enhancement Advisory Services LLC acquired a new stake in DeFi Technologies in the 2nd quarter valued at about $76,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in DeFi Technologies in the 2nd quarter valued at about $196,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on DEFT shares. HC Wainwright reissued a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Wall Street Zen cut shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, DeFi Technologies currently has a consensus rating of “Buy” and an average target price of $6.25.

DeFi Technologies Stock Performance

NASDAQ:DEFT opened at $2.21 on Friday. The stock has a market cap of $751.73 million, a price-to-earnings ratio of 24.56 and a beta of 3.65. The company has a 50-day moving average price of $2.38. DeFi Technologies Inc. has a 12-month low of $1.50 and a 12-month high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last released its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $13.42 million during the quarter, compared to analysts’ expectations of $42.08 million. DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%.

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.