Western Wealth Management LLC Makes New Investment in DeFi Technologies Inc. $DEFT

Western Wealth Management LLC purchased a new position in shares of DeFi Technologies Inc. (NASDAQ:DEFT) during the second quarter, HoldingsChannel.com reports. The fund purchased 142,590 shares of the company’s stock, valued at approximately $418,000.

A number of other institutional investors have also recently made changes to their positions in DEFT. WNY Asset Management LLC purchased a new position in DeFi Technologies during the 2nd quarter worth $29,000. HighMark Wealth Management LLC purchased a new stake in shares of DeFi Technologies during the second quarter worth about $35,000. Brookstone Capital Management purchased a new stake in shares of DeFi Technologies during the second quarter worth about $37,000. Novem Group acquired a new position in shares of DeFi Technologies during the second quarter valued at about $43,000. Finally, Allworth Financial LP purchased a new position in shares of DeFi Technologies in the 2nd quarter valued at approximately $44,000.

DeFi Technologies Trading Up 3.8%

Shares of DEFT stock opened at $1.09 on Wednesday. DeFi Technologies Inc. has a twelve month low of $1.00 and a twelve month high of $4.95. The stock has a market capitalization of $370.77 million, a PE ratio of 21.80 and a beta of 3.59. The firm’s 50 day moving average is $2.05. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.87 and a current ratio of 0.88.

DeFi Technologies (NASDAQ:DEFT) last issued its quarterly earnings data 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 analyst estimates of $41.00 million. DeFi Technologies has set its FY 2025 guidance at EPS.

Analyst Ratings Changes

DEFT has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and set a $5.50 target price on shares of DeFi Technologies in a research report on Friday, September 26th. Northland Securities set a $2.50 target price on DeFi Technologies in a research report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded DeFi Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.

DeFi Technologies 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.