Key Points
- Insider Daniel Kang purchased 11,000 DeFi Development shares at an average price of $3.88, investing $42,680 and increasing his direct ownership by 153.18% to 18,181 shares. He also bought 13,000 shares earlier in August.
- DeFi Development reported a quarterly loss of $0.21 per share on $3.31 million in revenue, alongside a highly negative net margin of 1,319.45%.
- Analyst sentiment is a “Moderate Buy”, with a consensus price target of $4.70, though Cantor Fitzgerald recently cut its target from $7.00 to $4.70. The stock opened at $3.94 and has traded between $2.44 and $20.30 over the past year.
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang acquired 11,000 shares of the company's stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $3.88 per share, with a total value of $42,680.00. Following the purchase, the insider directly owned 18,181 shares in the company, valued at approximately $70,542.28. This represents a 153.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Daniel Kang also recently made the following trade(s):
- On Friday, August 14th, Daniel Kang bought 13,000 shares of DeFi Development stock. The shares were acquired at an average price of $2.91 per share, for a total transaction of $37,830.00.
DeFi Development Stock Performance
Shares of NASDAQ:DFDV opened at $3.94 on Friday. DeFi Development Corp. has a 12-month low of $2.44 and a 12-month high of $20.30. The company's 50 day moving average price is $2.98 and its two-hundred day moving average price is $3.63. The firm has a market cap of $122.14 million, a PE ratio of -0.39 and a beta of -3.94. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 12.53.
DeFi Development (NASDAQ:DFDV - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $3.31 million during the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%.
Analysts Set New Price Targets
DFDV has been the subject of several analyst reports. Cantor Fitzgerald dropped their price objective on DeFi Development from $7.00 to $4.70 and set an "overweight" rating for the company in a report on Wednesday, July 1st. Weiss Ratings restated a "hold (c)" rating on shares of DeFi Development in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $4.70.
Get Our Latest Report on DFDV
Institutional Investors Weigh In On DeFi Development
A number of hedge funds have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of DeFi Development during the 4th quarter valued at approximately $197,000. Aristides Capital LLC bought a new position in DeFi Development in the 4th quarter valued at approximately $187,000. Bank of America Corp DE bought a new position in DeFi Development in the 3rd quarter valued at approximately $66,000. Squarepoint Ops LLC acquired a new stake in DeFi Development in the fourth quarter valued at approximately $57,000. Finally, Bank of New York Mellon Corp acquired a new stake in DeFi Development in the second quarter valued at approximately $138,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.
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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