Insider Buying: DeFi Development (NASDAQ:DFDV) Insider Buys $37,830.00 in Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang acquired 13,000 shares of DeFi Development stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of $2.91 per share, for a total transaction of $37,830.00. Following the completion of the purchase, the insider directly owned 13,000 shares of the company’s stock, valued at $37,830. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

DeFi Development Stock Performance

DeFi Development stock opened at $3.42 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53. The stock has a market cap of $106.02 million, a PE ratio of -0.34 and a beta of -3.94. DeFi Development Corp. has a 12-month low of $2.44 and a 12-month high of $20.30. The business’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.64.

DeFi Development (NASDAQ:DFDV) last posted its earnings results on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.The company had revenue of $3.31 million during the quarter.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On DeFi Development

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its position in DeFi Development by 34.2% in the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock valued at $211,000 after acquiring an additional 10,651 shares during the period. State of Wyoming acquired a new position in shares of DeFi Development during the fourth quarter worth $197,000. XTX Topco Ltd acquired a new position in shares of DeFi Development during the fourth quarter worth $192,000. Aristides Capital LLC bought a new stake in shares of DeFi Development in the fourth quarter worth $187,000. Finally, LPL Financial LLC bought a new stake in shares of DeFi Development in the fourth quarter worth $75,000. 0.48% of the stock is owned by institutional investors.

About DeFi Development

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.