DeFi Technologies’ (DEFT) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of DeFi Technologies (NASDAQ:DEFT) in a research note issued to investors on Friday,Benzinga reports. HC Wainwright currently has a $5.50 target price on the stock.

Separately, Wall Street Zen downgraded shares of DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $6.25.

DeFi Technologies Price Performance

DEFT stock opened at $2.13 on Friday. The firm has a market cap of $724.52 million, a price-to-earnings ratio of 23.67 and a beta of 3.89. The firm has a 50-day moving average of $2.47. DeFi Technologies has a 1 year low of $1.50 and a 1 year high of $4.95.

DeFi Technologies (NASDAQ:DEFT) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). DeFi Technologies had a return on equity of 137.53% and a net margin of 43.38%.The company had revenue of $13.42 million for the quarter, compared to analyst estimates of $42.08 million.

Institutional Trading of DeFi Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DEFT. Novem Group purchased a new stake in shares of DeFi Technologies during the 2nd quarter worth approximately $43,000. Rollins Financial Advisors LLC acquired a new position in DeFi Technologies in the second quarter valued at $101,000. Pekin Hardy Strauss Inc. purchased a new position in shares of DeFi Technologies during the second quarter worth about $246,000. Harvest Portfolios Group Inc. acquired a new stake in shares of DeFi Technologies during the second quarter worth about $227,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of DeFi Technologies in the 2nd quarter valued at about $912,000.

DeFi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.