DeFi Development (NASDAQ:DFDV) Stock Price Down 3.4% – Time to Sell?

DeFi Development Corp. (NASDAQ:DFDV)’s stock price traded down 3.4% on Wednesday . The stock traded as low as $3.07 and last traded at $3.09. Approximately 662,266 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 993,376 shares. The stock had previously closed at $3.20.

Wall Street Analyst Weigh In

DFDV has been the topic of several research analyst reports. Wall Street Zen lowered shares of DeFi Development from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Cantor Fitzgerald lifted their price target on shares of DeFi Development from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

DeFi Development Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 12.53. The business has a 50-day moving average price of $3.98 and a two-hundred day moving average price of $4.64. The company has a market capitalization of $90.66 million, a price-to-earnings ratio of -0.37 and a beta of -4.50.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $999.00 earnings per share (EPS) for the quarter. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%. The business had revenue of $2.66 million during the quarter.

Hedge Funds Weigh In On DeFi Development

Large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in shares of DeFi Development in the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd bought a new stake in DeFi Development during the fourth quarter worth $47,000. Sanctuary Advisors LLC purchased a new stake in DeFi Development in the 4th quarter valued at $54,000. Squarepoint Ops LLC purchased a new position in DeFi Development during the 4th quarter worth $57,000. Finally, BlueChip Wealth Advisors LLC bought a new stake in shares of DeFi Development in the 1st quarter worth $58,000. Institutional investors 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.