DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang acquired 13,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $2.91 per share, for a total transaction of $37,830.00. Following the transaction, the insider directly owned 13,000 shares of the company's stock, valued at $37,830. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
DeFi Development Price Performance
NASDAQ:DFDV opened at $3.16 on Tuesday. DeFi Development Corp. has a 52-week low of $2.44 and a 52-week high of $20.30. The stock has a fifty day moving average of $2.93 and a 200 day moving average of $3.67. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $95.17 million, a price-to-earnings ratio of -0.32 and a beta of -3.94.
DeFi Development (NASDAQ:DFDV - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. DeFi Development had a positive return on equity of 17.97% and a negative net margin of 1,319.45%.The business had revenue of $3.31 million during the quarter.
Institutional Investors Weigh In On DeFi Development
Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of DeFi Development in the 3rd quarter worth about $66,000. Farther Finance Advisors LLC purchased a new position in shares of DeFi Development during the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd bought a new stake in DeFi Development in the 4th quarter worth approximately $47,000. Wells Fargo & Company MN lifted its position in DeFi Development by 34.2% in the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company's stock worth $211,000 after buying an additional 10,651 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in DeFi Development in the fourth quarter worth approximately $54,000. Institutional investors own 0.48% of the company's stock.
Analysts Set New Price Targets
Several research firms recently weighed in on DFDV. Weiss Ratings restated a "hold (c)" rating on shares of DeFi Development in a research report on Friday, July 17th. Cantor Fitzgerald cut their price target on shares of DeFi Development from $7.00 to $4.70 and set an "overweight" rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $4.70.
View Our Latest Stock Analysis on DeFi Development
DeFi Development Company Profile
(
Get Free Report)
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.
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