B. Riley Increases Earnings Estimates for DeFi Technologies

DeFi Technologies Inc. (NASDAQ:DEFT) – Stock analysts at B. Riley raised their FY2025 EPS estimates for shares of DeFi Technologies in a report issued on Monday, June 16th. B. Riley analyst H. Goetsch now anticipates that the company will post earnings per share of $0.37 for the year, up from their previous estimate of $0.28.

DEFT has been the subject of several other research reports. Wall Street Zen raised DeFi Technologies to a “hold” rating in a research report on Friday, May 30th. HC Wainwright increased their price objective on DeFi Technologies from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Thursday, May 15th. Finally, Maxim Group boosted their target price on shares of DeFi Technologies from $6.50 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, May 27th.

DeFi Technologies Price Performance

Shares of DEFT opened at $2.64 on Thursday. DeFi Technologies has a 1-year low of $1.04 and a 1-year high of $4.95. The company has a market cap of $888.52 million, a PE ratio of 9.10 and a beta of 5.25.

About DeFi Technologies

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.