DeFi Technologies (NASDAQ:DEFT) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

DeFi Technologies (NASDAQ:DEFT) posted its quarterly earnings data on Friday. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06), Zacks reports. The company had revenue of $22.53 million during the quarter, compared to analyst estimates of $41.00 million. DeFi Technologies had a net margin of 43.38% and a return on equity of 137.53%. DeFi Technologies updated its FY 2025 guidance to EPS.

DeFi Technologies Price Performance

NASDAQ DEFT traded down $0.22 during trading hours on Friday, hitting $1.23. The company’s stock had a trading volume of 25,449,977 shares, compared to its average volume of 9,215,107. The stock has a market capitalization of $418.38 million, a P/E ratio of 13.67 and a beta of 3.58. DeFi Technologies has a 52 week low of $1.00 and a 52 week high of $4.95. The company’s 50-day moving average price is $2.09.

Institutional Investors Weigh In On DeFi Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hudson Bay Capital Management LP purchased a new stake in shares of DeFi Technologies in the second quarter valued at about $41,000. Shay Capital LLC purchased a new position in shares of DeFi Technologies in the 2nd quarter worth approximately $50,000. Lazard Asset Management LLC purchased a new stake in shares of DeFi Technologies during the second quarter valued at approximately $51,000. Captrust Financial Advisors bought a new stake in DeFi Technologies during the second quarter worth $57,000. Finally, Cary Street Partners Financial LLC purchased a new position in DeFi Technologies in the second quarter worth $57,000.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DEFT. Weiss Ratings restated a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, October 8th. Wall Street Zen lowered shares of DeFi Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, HC Wainwright reaffirmed a “buy” rating and set a $5.50 price target 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, DeFi Technologies has a consensus 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.