DeFi Development (NASDAQ:DFDV) Announces Quarterly Earnings Results

DeFi Development (NASDAQ:DFDV) released its quarterly earnings results on Monday. The company reported ($1.50) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $4.49 million during the quarter.

DeFi Development Stock Performance

NASDAQ:DFDV opened at $3.40 on Tuesday. The stock has a 50-day moving average price of $4.32 and a 200 day moving average price of $8.05. The stock has a market capitalization of $108.45 million, a P/E ratio of 1.34 and a beta of -6.37. DeFi Development has a 12-month low of $0.57 and a 12-month high of $53.88. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. One equities 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’s stock. According to MarketBeat.com, DeFi Development currently has a consensus rating of “Buy” and a consensus price target of $35.00.

Institutional Investors Weigh In On DeFi Development

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of DeFi Development during the third quarter worth $66,000. Wells Fargo & Company MN lifted its stake in DeFi Development by 34.2% in the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after purchasing an additional 10,651 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of DeFi Development during the 4th quarter valued at about $57,000. Price T Rowe Associates Inc. MD purchased a new position in shares of DeFi Development during the fourth quarter valued at about $71,000. Finally, LPL Financial LLC bought a new stake in shares of DeFi Development in the fourth quarter worth about $75,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

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.