DeFi Development (NASDAQ:DFDV) Insider Buys $37,830.00 in Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang purchased 13,000 shares of DeFi Development stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $2.91 per share, for a total transaction of $37,830.00. Following the purchase, the insider directly owned 13,000 shares in the company, valued at $37,830. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

DeFi Development Trading Up 2.9%

Shares of DeFi Development stock traded up $0.09 on Monday, hitting $3.16. 617,729 shares of the company traded hands, compared to its average volume of 1,076,138. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53. The stock’s 50 day moving average price is $2.93 and its 200-day moving average price is $3.69. The company has a market cap of $95.18 million, a PE ratio of -0.32 and a beta of -3.93. DeFi Development Corp. has a 52 week low of $2.44 and a 52 week high of $20.30.

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

Wall Street Analyst Weigh In

DFDV has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a report on Friday, July 17th. Cantor Fitzgerald lowered their target price on DeFi Development from $7.00 to $4.70 and set an “overweight” rating for the company in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.70.

Hedge Funds Weigh In On DeFi Development

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in DeFi Development during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of DeFi Development during the fourth quarter worth $47,000. Sanctuary Advisors LLC purchased a new position in shares of DeFi Development during the 4th quarter valued at about $54,000. Squarepoint Ops LLC purchased a new position in DeFi Development during the fourth quarter valued at approximately $57,000. Finally, BlueChip Wealth Advisors LLC acquired a new position in shares of DeFi Development in the 1st quarter valued at $58,000. 0.48% of the stock is owned by institutional investors and hedge funds.

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.