DeFi Development (NASDAQ:DFDV) Raised to Sell at Wall Street Zen

DeFi Development (NASDAQ:DFDV) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.40 price objective (up from $4.70) on shares of DeFi Development in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

DeFi Development Stock Performance

DeFi Development stock opened at $5.08 on Friday. The business has a 50 day moving average price of $3.66 and a two-hundred day moving average price of $3.78. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53. DeFi Development has a 12 month low of $2.44 and a 12 month high of $18.99. The stock has a market cap of $157.48 million, a price-to-earnings ratio of -0.51 and a beta of -3.75.

DeFi Development (NASDAQ:DFDV) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $3.31 million for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.

Insiders Place Their Bets

In related news, insider Daniel Kang purchased 13,000 shares of DeFi Development stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $2.91 per share, for a total transaction of $37,830.00. Following the transaction, the insider directly owned 13,000 shares in the company, valued at approximately $37,830. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Parker White bought 10,069 shares of the company’s stock in a transaction on Friday, August 21st. The stock was bought at an average cost of $3.91 per share, with a total value of $39,369.79. Following the completion of the purchase, the insider owned 279,944 shares of the company’s stock, valued at approximately $1,094,581.04. The trade was a 3.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 34,069 shares of company stock worth $119,880. Insiders own 23.61% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in DeFi Development in the third quarter valued at approximately $66,000. Caitong International Asset Management Co. Ltd bought a new position in shares of DeFi Development during the fourth quarter worth $47,000. Wells Fargo & Company MN boosted its position in shares of DeFi Development by 34.2% during the fourth quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after purchasing an additional 10,651 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of DeFi Development in the 4th quarter valued at $57,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of DeFi Development in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

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.