DeFi Technologies (NASDAQ:DEFT) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of DeFi Technologies (NASDAQ:DEFT) from a strong sell rating to a sell rating in a report published on Saturday morning.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial reaffirmed a “buy” rating on shares of DeFi Technologies in a report on Wednesday, April 8th. HC Wainwright decreased their target price on DeFi Technologies from $5.50 to $2.00 and set a “buy” rating for the company 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. Finally, Maxim Group decreased their target price on DeFi Technologies from $2.00 to $1.50 and set a “buy” rating for the company in a report on Monday, April 13th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.25.

DeFi Technologies Price Performance

Shares of NASDAQ DEFT opened at $0.73 on Friday. 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 company has a market cap of $282.40 million, a PE ratio of 4.28 and a beta of 4.07. The business has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $0.99. DeFi Technologies has a fifty-two week low of $0.47 and a fifty-two week high of $4.95.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP acquired a new position in DeFi Technologies in the second quarter valued at approximately $41,000. Jones Financial Companies Lllp lifted its holdings in 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 acquiring an additional 13,600 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Technologies in the third quarter valued at approximately $34,000. Shay Capital LLC acquired a new position in DeFi Technologies in the second quarter valued at approximately $50,000. Finally, Lazard Asset Management LLC acquired a new position in DeFi Technologies in the second quarter valued at approximately $51,000.

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.