DeFi Technologies Inc. (NASDAQ:DEFT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of DeFi Technologies Inc. (NASDAQ:DEFT) have been given a consensus recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $2.25.

DEFT has been the topic of several recent analyst reports. Maxim Group cut their price objective on DeFi Technologies from $2.00 to $1.50 and set a “buy” rating on the stock in a report on Monday, April 13th. B. Riley Financial reissued a “buy” rating on shares of DeFi Technologies in a report on Wednesday, April 8th. Weiss Ratings raised DeFi Technologies from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, April 8th. Wall Street Zen downgraded DeFi Technologies from a “sell” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, HC Wainwright cut their price objective on DeFi Technologies from $5.50 to $2.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th.

Institutional Investors Weigh In On DeFi Technologies

Several hedge funds have recently modified their holdings of DEFT. SG Americas Securities LLC acquired a new stake in shares of DeFi Technologies during the 1st quarter valued at $25,000. Commonwealth Equity Services LLC boosted its holdings in shares of DeFi Technologies by 79.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,270 shares of the company’s stock valued at $28,000 after acquiring an additional 16,524 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of DeFi Technologies by 971.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company’s stock valued at $32,000 after acquiring an additional 13,600 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of DeFi Technologies by 54.5% during the 4th quarter. Royal Bank of Canada now owns 42,900 shares of the company’s stock valued at $33,000 after acquiring an additional 15,133 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of DeFi Technologies during the 3rd quarter valued at $34,000.

DeFi Technologies Trading Up 1.9%

Shares of DEFT opened at $0.80 on Tuesday. DeFi Technologies has a 52-week low of $0.47 and a 52-week high of $4.95. The business’s fifty day moving average is $0.70 and its 200-day moving average is $1.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $309.28 million, a price-to-earnings ratio of 4.69 and a beta of 4.07.

DeFi Technologies (NASDAQ:DEFT) last issued its quarterly earnings results on Thursday, April 2nd. The company reported $0.08 earnings per share (EPS) for the quarter. DeFi Technologies had a return on equity of 85.99% and a net margin of 63.61%.The company had revenue of $19.08 million for the quarter.

DeFi Technologies Company Profile

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.