DeFi Technologies Sees Unusually Large Options Volume (NASDAQ:DEFT)

DeFi Technologies Inc. (NASDAQ:DEFT) saw unusually large options trading activity on Monday. Stock traders acquired 13,768 call options on the company. This is an increase of 175% compared to the average daily volume of 5,001 call options.

Hedge Funds Weigh In On DeFi Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. McGuire Investment Group LLC purchased a new position in shares of DeFi Technologies in the 3rd quarter valued at approximately $78,000. Farther Finance Advisors LLC purchased a new position in shares of DeFi Technologies in the 3rd quarter valued at approximately $860,000. Fiduciary Alliance LLC purchased a new position in shares of DeFi Technologies in the 3rd quarter valued at approximately $122,000. Ignite Planners LLC purchased a new position in shares of DeFi Technologies in the 3rd quarter valued at approximately $35,000. Finally, Corient Private Wealth LLC purchased a new position in shares of DeFi Technologies in the 2nd quarter valued at approximately $1,723,000.

DeFi Technologies Price Performance

DeFi Technologies stock opened at $2.16 on Wednesday. The firm has a market cap of $734.72 million, a PE ratio of 24.00 and a beta of 3.65. DeFi Technologies has a 1-year low of $1.50 and a 1-year high of $4.95. The stock has a fifty day simple moving average of $2.24.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DEFT shares. HC Wainwright reaffirmed a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of DeFi Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $6.25.

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.