DeFi Development (NASDAQ:DFDV) Posts Quarterly Earnings Results

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

DeFi Development Price Performance

DFDV traded up $0.11 during trading on Wednesday, hitting $3.40. 199,601 shares of the stock traded hands, compared to its average volume of 1,412,874. The business has a 50 day moving average price of $4.26 and a 200 day moving average price of $7.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.77 and a quick ratio of 1.77. DeFi Development has a twelve month low of $0.57 and a twelve month high of $53.88. The company has a market cap of $108.32 million, a price-to-earnings ratio of -0.67 and a beta of -6.40.

Hedge Funds Weigh In On DeFi Development

Institutional investors have recently modified their holdings of the business. UBS Group AG bought a new stake in shares of DeFi Development during the 3rd quarter worth $693,000. Polar Asset Management Partners Inc. acquired a new stake in DeFi Development in the third quarter valued at about $6,379,000. Bank of America Corp DE bought a new position in DeFi Development in the third quarter valued at about $66,000. Millennium Management LLC bought a new position in DeFi Development in the third quarter valued at about $1,982,000. Finally, Pantera Capital Partners LP acquired a new position in DeFi Development during the third quarter worth about $13,207,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.