DeFi Development (NASDAQ:DFDV) Rating Lowered to “Sell” at Wall Street Zen

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

Separately, Weiss Ratings reiterated 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 issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $35.00.

DeFi Development Price Performance

DFDV opened at $4.09 on Friday. The stock has a fifty day moving average price of $4.79 and a 200 day moving average price of $8.66. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.54. DeFi Development has a 1 year low of $0.57 and a 1 year high of $53.88. The stock has a market cap of $130.14 million, a price-to-earnings ratio of 1.61 and a beta of -6.40.

Institutional Investors Weigh In On DeFi Development

A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new position in shares of DeFi Development during the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in DeFi Development in the 4th quarter valued at approximately $47,000. Sanctuary Advisors LLC bought a new position in DeFi Development in the 4th quarter worth approximately $54,000. Squarepoint Ops LLC bought a new position in DeFi Development in the 4th quarter worth approximately $57,000. Finally, Bank of America Corp DE acquired a new position in shares of DeFi Development during the third quarter worth approximately $66,000. 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.