Key Points
- Insider Daniel Kang bought 6,900 DeFi Development shares at an average $8.84 each, investing approximately $60,996. The purchase follows several earlier acquisitions, bringing his disclosed recent buying to 34,440 shares.
- DeFi Development reported a quarterly loss of $0.21 per share on $3.31 million in revenue, with a deeply negative net margin of 1,319.45%.
- Analyst sentiment is mixed: Cantor Fitzgerald raised its price target to $10.40 with an “overweight” rating, while other firms rated the stock “sell.” The overall consensus rating is “Hold.”
DeFi Development Corp. (NASDAQ:DFDV - Get Free Report) insider Daniel Kang acquired 6,900 shares of the company's stock in a transaction dated Tuesday, September 22nd. The shares were bought at an average price of $8.84 per share, for a total transaction of $60,996.00. Following the purchase, the insider owned 6,900 shares in the company, valued at approximately $60,996. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Daniel Kang also recently made the following trade(s):
- On Tuesday, September 22nd, Daniel Kang bought 3,540 shares of DeFi Development stock. The stock was purchased at an average cost of $8.81 per share, with a total value of $31,187.40.
- On Thursday, August 20th, Daniel Kang bought 11,000 shares of DeFi Development stock. The shares were purchased at an average price of $3.88 per share, for a total transaction of $42,680.00.
- On Friday, August 14th, Daniel Kang bought 13,000 shares of DeFi Development stock. The shares were purchased at an average price of $2.91 per share, for a total transaction of $37,830.00.
DeFi Development Stock Performance
NASDAQ DFDV opened at $5.77 on Thursday. The firm has a market capitalization of $178.86 million, a P/E ratio of -0.58 and a beta of -3.75. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 12.53. The firm's fifty day moving average price is $4.05 and its two-hundred day moving average price is $3.87. DeFi Development Corp. has a 1 year low of $2.44 and a 1 year high of $18.28.
DeFi Development (NASDAQ:DFDV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) EPS for the quarter. The firm 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%.
Institutional Trading of DeFi Development
A number of hedge funds have recently modified their holdings of DFDV. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Development in the 4th quarter valued at about $47,000. BlueChip Wealth Advisors LLC acquired a new stake in DeFi Development during the first quarter worth approximately $58,000. Squarepoint Ops LLC acquired a new stake in DeFi Development during the second quarter worth approximately $52,000. Aristides Capital LLC bought a new stake in shares of DeFi Development during the fourth quarter worth approximately $187,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of DeFi Development during the first quarter worth approximately $145,000. Institutional investors and hedge funds own 0.48% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and set a $10.40 price target (up from $4.70) on shares of DeFi Development in a research report on Thursday, September 10th. Wall Street Zen raised DeFi Development from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 12th. Finally, Weiss Ratings downgraded DeFi Development from a "hold (c)" rating to a "sell (d-)" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $10.40.
Read Our Latest Stock Analysis on DFDV
About DeFi Development
(
Get Free Report)
DeFi Development Corp. (NASDAQ:DFDV) is a digital-asset and blockchain-focused company centered on the Solana ecosystem. Its principal strategy is to build and manage a Solana treasury while participating in the network through activities such as staking, validator operations and other infrastructure initiatives.
The company may also pursue investments, partnerships and acquisitions involving decentralized finance, blockchain infrastructure and applications built on Solana. Through these activities, DeFi Development seeks to support the network's growth while generating potential utility from its digital-asset holdings and related operating capabilities.
The company was formerly known as Janover Inc, a technology business that provided a platform for commercial real estate finance.
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