DeFi Development (NASDAQ:DFDV) Shares Up 4.7% – Here’s What Happened

DeFi Development Corp. (NASDAQ:DFDV)’s share price rose 4.7% on Wednesday . The stock traded as high as $4.57 and last traded at $4.50. Approximately 871,027 shares were traded during trading, an increase of 0% from the average daily volume of 870,241 shares. The stock had previously closed at $4.30.

Wall Street Analyst Weigh In

DFDV has been the subject of several recent research reports. Wall Street Zen downgraded DeFi Development from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reissued a “hold (c)” rating on shares of DeFi Development in a research report on Monday, April 20th. Finally, Cantor Fitzgerald raised DeFi Development to a “strong-buy” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $35.00.

DeFi Development Stock Performance

The firm has a market cap of $132.75 million, a PE ratio of -0.89 and a beta of -4.24. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50-day moving average price of $4.08 and a 200 day moving average price of $5.93.

DeFi Development (NASDAQ:DFDV) last announced its quarterly earnings data on Monday, March 30th. The company reported ($1.50) EPS for the quarter. The firm had revenue of $4.49 million during the quarter.

Institutional Investors Weigh In On DeFi Development

Hedge funds and other institutional investors have recently made changes to their positions in the business. Polar Asset Management Partners Inc. purchased a new stake in shares of DeFi Development in the third quarter valued at $6,379,000. Centiva Capital LP purchased a new stake in shares of DeFi Development in the third quarter valued at $469,000. BlueChip Wealth Advisors LLC purchased a new stake in shares of DeFi Development in the first quarter valued at $58,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of DeFi Development in the fourth quarter valued at $47,000. Finally, Aristides Capital LLC purchased a new stake in shares of DeFi Development in the fourth quarter valued at $187,000. Hedge funds and other 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.