DeFi Technologies (NASDAQ:DEFT) Issues Earnings Results, Misses Estimates By $0.06 EPS

DeFi Technologies (NASDAQ:DEFT) posted its quarterly earnings results on Friday. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06), Zacks reports. DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%. DeFi Technologies updated its FY 2025 guidance to EPS.

DeFi Technologies Stock Down 15.2%

Shares of DEFT stock traded down $0.22 during midday trading on Friday, hitting $1.23. 25,449,977 shares of the company were exchanged, compared to its average volume of 9,215,107. DeFi Technologies has a 52 week low of $1.00 and a 52 week high of $4.95. The stock has a market cap of $418.38 million, a price-to-earnings ratio of 13.67 and a beta of 3.58. The firm has a 50 day moving average price of $2.09.

Analyst Ratings Changes

Several research analysts have recently weighed in on DEFT shares. HC Wainwright restated a “buy” rating and set a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered DeFi Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DeFi Technologies currently has an average rating of “Hold” and an average target price of $6.25.

Institutional Investors Weigh In On DeFi Technologies

Institutional investors have recently made changes to their positions in the company. Cable Car Capital LP acquired a new position in shares of DeFi Technologies in the third quarter valued at approximately $10,871,000. Marshall Wace LLP boosted its stake in DeFi Technologies by 128.0% in the 3rd quarter. Marshall Wace LLP now owns 4,384,356 shares of the company’s stock valued at $9,251,000 after purchasing an additional 2,461,204 shares during the period. Invesco Ltd. bought a new stake in DeFi Technologies in the 2nd quarter valued at $3,266,000. Polar Asset Management Partners Inc. acquired a new position in DeFi Technologies in the 3rd quarter valued at $1,652,000. Finally, Corient Private Wealth LLC bought a new position in DeFi Technologies during the 2nd quarter worth $1,723,000.

About DeFi Technologies

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.