DeFi Technologies (NASDAQ:DEFT) Shares Gap Down – Should You Sell?

DeFi Technologies Inc. (NASDAQ:DEFT)’s share price gapped down prior to trading on Monday . The stock had previously closed at $1.52, but opened at $1.44. DeFi Technologies shares last traded at $1.3240, with a volume of 4,175,051 shares.

Wall Street Analyst Weigh In

DEFT has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of DeFi Technologies in a research report on Wednesday, October 8th. Northland Securities set a $2.50 price objective on DeFi Technologies in a research note on Monday, November 17th. Wall Street Zen downgraded DeFi Technologies from a “hold” rating to a “sell” rating in a research report on Sunday. HC Wainwright reaffirmed a “buy” rating and issued a $5.50 price objective on shares of DeFi Technologies in a research note on Friday, September 26th. Finally, Benchmark dropped their target price on DeFi Technologies from $8.00 to $3.00 and set a “buy” rating for the company in a report on Friday, November 21st. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, DeFi Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

DeFi Technologies Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $516.68 million, a P/E ratio of 26.81 and a beta of 3.82. The firm’s fifty day moving average is $1.80 and its 200 day moving average is $2.46.

DeFi Technologies (NASDAQ:DEFT) last announced its earnings results on Friday, November 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $22.53 million for the quarter, compared to analysts’ expectations of $41.00 million. DeFi Technologies had a net margin of 23.89% and a return on equity of 105.69%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DEFT. WNY Asset Management LLC bought a new stake in DeFi Technologies during the 2nd quarter valued at about $29,000. OMERS ADMINISTRATION Corp purchased a new position in shares of DeFi Technologies during the second quarter worth approximately $31,000. HighMark Wealth Management LLC bought a new stake in shares of DeFi Technologies during the second quarter valued at approximately $35,000. Brookstone Capital Management purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $37,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of DeFi Technologies in the second quarter valued at approximately $39,000.

DeFi Technologies Company Profile

DeFi Technologies, Inc engages in the provision of investment services. It plans to acquire equity, debt, or other securities of publicly traded or private companies or other entities. The firm offers DeFi ETNs, DeFi Governance, DeFi Venture and DeFi Treasury. The company was founded by Olivier Francois Roussy Newton and Wouter Witvoet on April 14, 1986 and is headquartered in Toronto, Canada.