DeFi Development (NASDAQ:DFDV) Posts Earnings Results

DeFi Development (NASDAQ:DFDV) announced its earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, Zacks reports. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%.

DeFi Development Stock Up 0.7%

NASDAQ:DFDV opened at $2.87 on Thursday. The company has a debt-to-equity ratio of 12.53, a current ratio of 1.15 and a quick ratio of 1.15. The company’s fifty day moving average price is $2.92 and its 200-day moving average price is $3.73. DeFi Development has a 1-year low of $2.44 and a 1-year high of $21.80. The firm has a market capitalization of $86.44 million, a P/E ratio of -0.35 and a beta of -3.94.

Analysts Set New Price Targets

Several brokerages recently commented on DFDV. Cantor Fitzgerald decreased their price objective on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, DeFi Development has an average rating of “Moderate Buy” and an average price target of $4.70.

Institutional Trading of DeFi Development

A number of hedge funds have recently modified their holdings of DFDV. Bank of America Corp DE purchased a new stake in DeFi Development in the 3rd quarter worth approximately $66,000. Wells Fargo & Company MN increased its holdings in shares of DeFi Development by 34.2% during the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock valued at $211,000 after purchasing an additional 10,651 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of DeFi Development in the 4th quarter valued at $57,000. Price T Rowe Associates Inc. MD purchased a new stake in DeFi Development during the fourth quarter worth $71,000. Finally, LPL Financial LLC acquired a new stake in DeFi Development during the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

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.