DeFi Development (NASDAQ:DFDV) Shares Down 3.4% – Time to Sell?

DeFi Development Corp. (NASDAQ:DFDV) fell 3.4% during trading on Wednesday . The company traded as low as $3.07 and last traded at $3.09. 662,266 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 993,376 shares. The stock had previously closed at $3.20.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DFDV. Wall Street Zen lowered DeFi Development from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Cantor Fitzgerald raised their target price on DeFi Development from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

DeFi Development Trading Down 3.4%

The stock has a market capitalization of $93.07 million, a PE ratio of -0.38 and a beta of -4.50. The firm has a 50-day moving average price of $3.99 and a 200-day moving average price of $4.67. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 12.53.

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

Institutional Investors Weigh In On DeFi Development

Several institutional investors have recently added to or reduced their stakes in DFDV. Farther Finance Advisors LLC purchased a new stake in DeFi Development during the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in DeFi Development during the fourth quarter valued at about $47,000. Sanctuary Advisors LLC purchased a new stake in DeFi Development during the fourth quarter valued at about $54,000. Squarepoint Ops LLC purchased a new stake in DeFi Development during the fourth quarter valued at about $57,000. Finally, BlueChip Wealth Advisors LLC purchased a new stake in DeFi Development during the first quarter valued at about $58,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

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.