782,901 Shares in DeFi Technologies Inc. $DEFT Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in shares of DeFi Technologies Inc. (NASDAQ:DEFT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 782,901 shares of the company’s stock, valued at approximately $1,652,000. Polar Asset Management Partners Inc. owned approximately 0.20% of DeFi Technologies at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp acquired a new position in DeFi Technologies in the second quarter worth $31,000. Jones Financial Companies Lllp increased its stake in shares of DeFi Technologies by 971.4% in the third quarter. Jones Financial Companies Lllp now owns 15,000 shares of the company’s stock valued at $32,000 after buying an additional 13,600 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of DeFi Technologies in the third quarter valued at about $34,000. Ignite Planners LLC bought a new position in shares of DeFi Technologies in the third quarter valued at about $35,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in DeFi Technologies during the 2nd quarter worth about $39,000.

DeFi Technologies Trading Down 0.0%

Shares of DEFT opened at $0.66 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.02. DeFi Technologies Inc. has a 12-month low of $0.60 and a 12-month high of $4.95. The firm has a market capitalization of $257.10 million, a PE ratio of 13.26 and a beta of 4.38. The stock’s fifty day simple moving average is $0.78 and its 200-day simple moving average is $1.36.

Analyst Upgrades and Downgrades

DEFT has been the topic of a number of research analyst reports. Benchmark decreased their price objective on shares of DeFi Technologies from $8.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Wall Street Zen downgraded shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of DeFi Technologies in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $4.50.

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.