Parker White Buys 10,044 Shares of DeFi Development (NASDAQ:DFDV) Stock

DeFi Development Corp. (NASDAQ:DFDV) COO Parker White bought 10,044 shares of DeFi Development stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average cost of $6.91 per share, with a total value of $69,404.04. Following the acquisition, the chief operating officer owned 252,115 shares of the company’s stock, valued at $1,742,114.65. The trade was a 4.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

DeFi Development Stock Performance

NASDAQ:DFDV opened at $7.48 on Thursday. The firm has a fifty day simple moving average of $12.37. The stock has a market capitalization of $225.30 million, a price-to-earnings ratio of 2.94 and a beta of -7.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 1.77. DeFi Development Corp. has a one year low of $0.53 and a one year high of $53.88.

DeFi Development (NASDAQ:DFDV) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $1.88 earnings per share (EPS) for the quarter. The company had revenue of $1.86 million during the quarter.

DeFi Development declared that its Board of Directors has initiated a share buyback plan on Wednesday, September 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 25.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On DeFi Development

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFDV. Pantera Capital Partners LP purchased a new position in DeFi Development during the third quarter valued at $13,207,000. Alyeska Investment Group L.P. purchased a new stake in shares of DeFi Development during the third quarter worth about $9,489,000. Polar Asset Management Partners Inc. acquired a new position in shares of DeFi Development during the 3rd quarter worth about $6,379,000. Millennium Management LLC acquired a new position in shares of DeFi Development during the 3rd quarter worth about $1,982,000. Finally, UBS Group AG purchased a new position in DeFi Development in the 3rd quarter valued at about $693,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

Analyst Ratings Changes

DFDV has been the topic of several recent research reports. Craig Hallum assumed coverage on DeFi Development in a research report on Monday, August 4th. They issued a “buy” rating and a $25.00 price objective on the stock. Wall Street Zen downgraded shares of DeFi Development from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of DeFi Development to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, DeFi Development currently has a consensus rating of “Buy” and a consensus price target of $35.00.

DeFi Development Company Profile

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.