DeFi Technologies (NASDAQ:DEFT) Upgraded at Wall Street Zen

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

Other equities research analysts have also issued reports about the company. HC Wainwright restated a “buy” rating and set a $5.50 price target on shares of DeFi Technologies in a research report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of DeFi Technologies in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.25.

DeFi Technologies Stock Performance

NASDAQ DEFT opened at $2.12 on Friday. The company has a market cap of $721.12 million, a price-to-earnings ratio of 23.56 and a beta of 3.65. DeFi Technologies has a one year low of $1.50 and a one year high of $4.95. The stock’s 50 day simple moving average is $2.30.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. WNY Asset Management LLC acquired a new position in DeFi Technologies during the 2nd quarter worth $29,000. OMERS ADMINISTRATION Corp acquired a new position in DeFi Technologies during the 2nd quarter worth $31,000. HighMark Wealth Management LLC acquired a new position in DeFi Technologies during the 2nd quarter worth $35,000. Brookstone Capital Management acquired a new position in shares of DeFi Technologies in the 2nd quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of DeFi Technologies in the 2nd quarter worth $39,000.

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.