Polar Asset Management Partners Inc. Takes $6.38 Million Position in DeFi Development Corp. $DFDV

Polar Asset Management Partners Inc. bought a new position in shares of DeFi Development Corp. (NASDAQ:DFDV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 418,794 shares of the company’s stock, valued at approximately $6,379,000. Polar Asset Management Partners Inc. owned 1.31% of DeFi Development at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of DeFi Development during the 3rd quarter valued at approximately $66,000. Millennium Management LLC purchased a new position in DeFi Development in the third quarter worth approximately $1,982,000. Pantera Capital Partners LP acquired a new stake in DeFi Development during the third quarter worth $13,207,000. Alyeska Investment Group L.P. purchased a new stake in DeFi Development in the third quarter valued at $9,489,000. Finally, UBS Group AG purchased a new stake in DeFi Development in the third quarter valued at $693,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen raised shares of DeFi Development from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $35.00.

DeFi Development Trading Down 10.8%

Shares of DFDV stock opened at $4.56 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $145.28 million, a P/E ratio of 1.79 and a beta of -6.40. The company has a 50 day moving average price of $4.90 and a 200 day moving average price of $8.78. DeFi Development Corp. has a fifty-two week low of $0.57 and a fifty-two week high of $53.88.

DeFi Development Company Profile

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.