DeFi Development (NASDAQ:DFDV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of DeFi Development (NASDAQ:DFDV) from a sell rating to a hold rating in a research report report published on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, DeFi Development currently has a consensus rating of “Buy” and a consensus target price of $35.00.

DeFi Development Stock Down 4.8%

Shares of DeFi Development stock opened at $3.54 on Friday. The company has a market capitalization of $112.78 million, a P/E ratio of 1.39 and a beta of -6.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.77 and a quick ratio of 1.77. The business has a 50-day moving average of $5.38 and a two-hundred day moving average of $10.27. DeFi Development has a 1 year low of $0.53 and a 1 year high of $53.88.

Insider Buying and Selling

In other news, COO Parker White purchased 17,760 shares of DeFi Development stock in a transaction dated Wednesday, December 10th. The shares were bought at an average cost of $5.76 per share, for a total transaction of $102,297.60. Following the completion of the acquisition, the chief operating officer owned 269,875 shares in the company, valued at approximately $1,554,480. This trade represents a 7.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.24% of the stock is currently owned by insiders.

Institutional Trading of DeFi Development

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE bought a new position in DeFi Development during the 3rd quarter worth $66,000. Farther Finance Advisors LLC bought a new position in shares of DeFi Development during the fourth quarter worth about $32,000. Wells Fargo & Company MN lifted its stake in shares of DeFi Development by 34.2% in the fourth quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after acquiring an additional 10,651 shares during the period. Sanctuary Advisors LLC bought a new stake in DeFi Development in the fourth quarter valued at approximately $54,000. Finally, Squarepoint Ops LLC acquired a new stake in DeFi Development during the 4th quarter valued at approximately $57,000. Institutional investors own 0.48% of the company’s stock.

About DeFi Development

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.