DeFi Development (NASDAQ:DFDV) Announces Earnings Results

DeFi Development (NASDAQ:DFDV) issued its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

DeFi Development Stock Performance

DeFi Development stock traded down $0.15 during midday trading on Wednesday, hitting $4.65. The company’s stock had a trading volume of 663,997 shares, compared to its average volume of 859,128. DeFi Development has a 1-year low of $2.96 and a 1-year high of $53.88. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average price of $4.16 and a two-hundred day moving average price of $5.59. The company has a market cap of $137.18 million, a price-to-earnings ratio of 39.53 and a beta of -4.24.

Analyst Ratings Changes

A number of research firms recently weighed in on DFDV. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a research report on Monday, April 20th. Cantor Fitzgerald raised shares of DeFi Development to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen downgraded shares of DeFi Development from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $35.00.

Hedge Funds Weigh In On DeFi Development

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of DeFi Development during the 3rd quarter valued at approximately $66,000. Squarepoint Ops LLC bought a new stake in shares of DeFi Development during the 4th quarter valued at approximately $57,000. Price T Rowe Associates Inc. MD bought a new stake in shares of DeFi Development during the 4th quarter valued at approximately $71,000. LPL Financial LLC bought a new stake in shares of DeFi Development during the 4th quarter valued at approximately $75,000. Finally, Barclays PLC grew its holdings in shares of DeFi Development by 221.8% during the 4th quarter. Barclays PLC now owns 21,911 shares of the company’s stock valued at $111,000 after purchasing an additional 15,103 shares during the last quarter. 0.48% of the stock is owned by institutional investors.

About DeFi Development

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.