Key Points
- Major shareholder Parker White purchased 10,069 DeFi Development shares at an average price of $3.91, investing about $39,370 and increasing the position by 3.73% to 279,944 shares.
- DeFi Development shares opened at $4.09, while the company recently reported a quarterly loss of $0.21 per share on $3.31 million in revenue. The stock has traded between $2.44 and $18.99 over the past year.
- Analyst sentiment is cautiously positive, with a consensus “Moderate Buy” rating and a $4.70 average price target, although Cantor Fitzgerald recently cut its target from $7.00 to $4.70.
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) major shareholder Parker White bought 10,069 shares of the firm's stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $3.91 per share, for a total transaction of $39,369.79. Following the purchase, the insider owned 279,944 shares of the company's stock, valued at approximately $1,094,581.04. The trade was a 3.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
DeFi Development Stock Up 3.8%
Shares of NASDAQ:DFDV opened at $4.09 on Tuesday. DeFi Development Corp. has a 52-week low of $2.44 and a 52-week high of $18.99. The company has a market capitalization of $126.79 million, a PE ratio of -0.41 and a beta of -3.93. 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 company has a fifty day moving average of $3.00 and a 200-day moving average of $3.62.
DeFi Development (NASDAQ:DFDV - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share for the quarter. The firm had revenue of $3.31 million for 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
Several research analysts have recently issued reports on the company. Cantor Fitzgerald lowered their price objective on DeFi Development from $7.00 to $4.70 and set an "overweight" rating for the company in a research note 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $4.70.
View Our Latest Report on DFDV
Institutional Investors Weigh In On DeFi Development
Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC raised its position in shares of DeFi Development by 55.7% during the second quarter. Headlands Technologies LLC now owns 78,245 shares of the company's stock worth $230,000 after acquiring an additional 27,988 shares during the last quarter. BlackRock Inc. acquired a new stake in DeFi Development during the 2nd quarter valued at approximately $1,067,000. Bank of New York Mellon Corp acquired a new stake in DeFi Development during the 2nd quarter valued at approximately $138,000. NewEdge Advisors LLC raised its holdings in DeFi Development by 62.3% during the 1st quarter. NewEdge Advisors LLC now owns 83,432 shares of the company's stock worth $274,000 after purchasing an additional 32,024 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC bought a new position in DeFi Development during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 0.48% of the company's stock.
About DeFi Development
(
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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