DeFi Development (NASDAQ:DFDV) Releases Earnings Results

DeFi Development (NASDAQ:DFDV) released its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, Zacks reports. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%.

DeFi Development Price Performance

Shares of DFDV traded up $0.02 during midday trading on Wednesday, reaching $2.87. The stock had a trading volume of 463,109 shares, compared to its average volume of 1,080,361. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $86.44 million, a P/E ratio of -0.35 and a beta of -3.93. The firm’s 50 day moving average price is $2.92 and its 200-day moving average price is $3.75. DeFi Development has a 52 week low of $2.44 and a 52 week high of $21.80.

Institutional Investors Weigh In On DeFi Development

Several hedge funds and other institutional investors have recently bought and sold shares of DFDV. NewEdge Advisors LLC lifted its holdings in DeFi Development by 64.6% in the 4th quarter. NewEdge Advisors LLC now owns 51,408 shares of the company’s stock valued at $260,000 after acquiring an additional 20,183 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of DeFi Development in the 4th quarter worth approximately $192,000. Quadrature Capital Ltd bought a new stake in shares of DeFi Development in the 4th quarter worth approximately $318,000. Millennium Management LLC lifted its stake in DeFi Development by 215.0% during the fourth quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after purchasing an additional 278,334 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in DeFi Development during the fourth quarter valued at approximately $369,000. 0.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, DeFi Development currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.70.

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.