DeFi Technologies (NASDAQ:DEFT) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of DeFi Technologies (NASDAQ:DEFT) from a sell rating to a hold rating in a research note released on Saturday.

DEFT has been the subject of a number of other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday. HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of DeFi Technologies in a report on Friday, September 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.25.

DeFi Technologies Price Performance

NASDAQ DEFT opened at $2.05 on Friday. The company has a market capitalization of $697.31 million, a PE ratio of 22.78 and a beta of 3.65. The firm has a fifty day moving average of $2.31. DeFi Technologies has a 1 year low of $1.50 and a 1 year high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last issued its earnings results on Thursday, August 14th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.The company had revenue of $13.42 million during the quarter, compared to analyst estimates of $42.08 million.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Rathbones Group PLC acquired a new position in DeFi Technologies in the 2nd quarter worth about $8,789,000. Bank of Montreal Can bought a new stake in shares of DeFi Technologies in the 2nd quarter valued at approximately $7,891,000. Marshall Wace LLP acquired a new stake in DeFi Technologies in the second quarter valued at approximately $5,635,000. Invesco Ltd. acquired a new stake in DeFi Technologies in the second quarter valued at approximately $3,266,000. Finally, Swiss National Bank acquired a new stake in DeFi Technologies in the second quarter valued at approximately $1,727,000.

DeFi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.