DeFi Technologies Inc. (DEFT) – What Are Brokerages Thinking About This Stock?

DeFi Technologies Inc. (NASDAQ:DEFT) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $1.44.

Several equities research analysts have issued reports on DEFT shares. Maxim Group lowered shares of DeFi Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Northland Securities set a $1.25 price target on shares of DeFi Technologies in a research note on Monday, August 17th. Benchmark decreased their price target on shares of DeFi Technologies from $2.00 to $1.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Wall Street Zen cut shares of DeFi Technologies to a “strong sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of DeFi Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th.

DeFi Technologies Trading Down 8.5%

Shares of DEFT opened at $0.37 on Tuesday. The company has a market cap of $142.17 million, a PE ratio of 6.10 and a beta of 4.14. The stock has a 50-day moving average price of $0.52 and a 200-day moving average price of $0.61. DeFi Technologies has a 12-month low of $0.36 and a 12-month high of $1.94.

DeFi Technologies (NASDAQ:DEFT) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). DeFi Technologies had a return on equity of 15.43% and a net margin of 39.65%. As a group, analysts predict that DeFi Technologies will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DEFT. SG Americas Securities LLC bought a new stake in DeFi Technologies during the first quarter worth about $25,000. Amundi purchased a new position in shares of DeFi Technologies in the 2nd quarter worth about $40,000. Visionary Wealth Advisors purchased a new position in shares of DeFi Technologies in the 2nd quarter worth about $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of DeFi Technologies in the 2nd quarter worth about $64,000. Finally, GTS Securities LLC bought a new position in shares of DeFi Technologies during the 2nd quarter valued at about $61,000.

About DeFi Technologies

DeFi Technologies Inc is a Canadian financial technology company focused on digital assets and decentralized finance. Through its operating businesses, the company develops investment products, provides digital-asset infrastructure and trading services, and invests in emerging companies and technologies across the blockchain sector.

Its Valour subsidiary issues exchange-traded products designed to provide investors with exposure to digital assets through regulated stock exchanges. The company also operates Reflexivity Research, which produces research and analysis on blockchain networks and digital assets, and Stillman Digital, which provides institutional trading, liquidity and related services for participants in the digital-asset market.

DeFi Technologies serves institutional and other investors in international markets, with activities spanning North America, Europe and other global regions.