DeFi Development (NASDAQ:DFDV) Upgraded at Wall Street Zen

DeFi Development (NASDAQ:DFDV) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $35.00.

DeFi Development Stock Down 2.4%

DFDV stock opened at $3.72 on Friday. DeFi Development has a fifty-two week low of $0.53 and a fifty-two week high of $53.88. The business’s 50-day moving average is $5.42 and its two-hundred day moving average is $10.39. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market cap of $118.52 million, a price-to-earnings ratio of 1.46 and a beta of -6.99.

DeFi Development (NASDAQ:DFDV) last released its quarterly earnings results on Wednesday, November 19th. The company reported $1.88 earnings per share (EPS) for the quarter. The firm had revenue of $1.86 million for the quarter.

Insider Buying and Selling

In other news, COO Parker White purchased 17,760 shares of the stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $5.76 per share, with a total value of $102,297.60. Following the completion of the acquisition, the chief operating officer directly owned 269,875 shares of the company’s stock, valued at $1,554,480. This trade represents a 7.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel Kang acquired 4,200 shares of DeFi Development stock in a transaction dated Tuesday, November 25th. The stock was purchased at an average cost of $6.90 per share, with a total value of $28,980.00. Following the completion of the purchase, the insider owned 7,181 shares of the company’s stock, valued at approximately $49,548.90. This represents a 140.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 32,004 shares of company stock valued at $200,682. 19.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DFDV. Pantera Capital Partners LP purchased a new stake in DeFi Development in the 3rd quarter worth $13,207,000. Alyeska Investment Group L.P. bought a new position in shares of DeFi Development in the third quarter worth about $9,489,000. Polar Asset Management Partners Inc. purchased a new stake in shares of DeFi Development during the third quarter worth about $6,379,000. Millennium Management LLC raised its stake in DeFi Development by 215.0% during the 4th quarter. Millennium Management LLC now owns 407,794 shares of the company’s stock valued at $2,059,000 after purchasing an additional 278,334 shares during the period. Finally, 683 Capital Management LLC purchased a new position in DeFi Development in the 4th quarter worth approximately $596,000. Hedge funds and other institutional investors own 0.48% of the company’s stock.

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.