Research Analysts Set Expectations for DEFT FY2025 Earnings

DeFi Technologies Inc. (NASDAQ:DEFT) – B. Riley dropped their FY2025 earnings per share (EPS) estimates for DeFi Technologies in a note issued to investors on Wednesday, October 22nd. B. Riley analyst H. Goetsch now forecasts that the company will post earnings per share of $0.28 for the year, down from their previous forecast of $0.37.

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

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

DeFi Technologies Stock Down 3.8%

DEFT opened at $2.01 on Monday. DeFi Technologies has a 1-year low of $1.50 and a 1-year high of $4.95. The company has a market capitalization of $683.71 million, a PE ratio of 22.33 and a beta of 3.65. The company has a 50 day simple moving average of $2.20.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WNY Asset Management LLC bought a new position in DeFi Technologies in the second quarter worth $29,000. OMERS ADMINISTRATION Corp bought a new position in shares of DeFi Technologies during the second quarter valued at $31,000. HighMark Wealth Management LLC bought a new position in shares of DeFi Technologies during the second quarter valued at $35,000. Brookstone Capital Management bought a new position in shares of DeFi Technologies during the second quarter valued at $37,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of DeFi Technologies during the second quarter valued at $39,000.

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.