DeFi Development (NASDAQ:DFDV) Price Target Lowered to $4.70 at Cantor Fitzgerald

DeFi Development (NASDAQ:DFDV) had its price target dropped by stock analysts at Cantor Fitzgerald from $7.00 to $4.70 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 47.57% from the stock’s previous close.

Several other research firms have also commented on DFDV. Wall Street Zen lowered DeFi Development from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.85.

DeFi Development Stock Performance

Shares of NASDAQ DFDV traded up $0.24 during midday trading on Wednesday, hitting $3.19. 173,973 shares of the company’s stock traded hands, compared to its average volume of 1,183,755. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $95.93 million, a price-to-earnings ratio of -0.39 and a beta of -4.50. The firm has a fifty day moving average of $3.77 and a 200 day moving average of $4.43. DeFi Development has a 1 year low of $2.44 and a 1 year high of $32.00.

DeFi Development (NASDAQ:DFDV) last announced its earnings results on Tuesday, May 19th. The company reported $999.00 EPS for the quarter. DeFi Development had a negative net margin of 1,136.38% and a positive return on equity of 15.58%. The business had revenue of $2.66 million during the quarter.

Hedge Funds Weigh In On DeFi Development

Large investors have recently made changes to their positions in the business. UBS Group AG bought a new position in shares of DeFi Development in the third quarter worth about $693,000. Polar Asset Management Partners Inc. purchased a new position in DeFi Development in the 3rd quarter worth approximately $6,379,000. Bank of America Corp DE bought a new position in DeFi Development in the 3rd quarter worth approximately $66,000. Centiva Capital LP purchased a new stake in DeFi Development during the 3rd quarter valued at approximately $469,000. Finally, Millennium Management LLC purchased a new stake in DeFi Development during the 3rd quarter valued at approximately $1,982,000. 0.48% of the stock is currently owned by hedge funds and other 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.