Wall Street Zen Upgrades DeFi Development (NASDAQ:DFDV) to Hold

DeFi Development (NASDAQ:DFDV) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of DeFi Development in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, DeFi Development has an average rating of “Buy” and an average target price of $35.00.

DeFi Development Stock Down 2.4%

Shares of DFDV opened at $3.72 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $10.34. The stock has a market cap of $118.52 million, a price-to-earnings ratio of 1.46 and a beta of -6.98. DeFi Development has a 12 month low of $0.53 and a 12 month high of $53.88.

Insider Buying and Selling

In other news, COO Parker White bought 17,760 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of $5.76 per share, for a total transaction of $102,297.60. Following the completion of the purchase, the chief operating officer owned 269,875 shares of the company’s stock, valued at approximately $1,554,480. The trade was a 7.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kang bought 4,200 shares of DeFi Development stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average cost of $6.90 per share, for a total transaction of $28,980.00. Following the completion of the acquisition, the insider directly owned 7,181 shares in the company, valued at $49,548.90. This represents a 140.89% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 32,004 shares of company stock valued at $200,682 in the last quarter. 19.24% of the stock is currently owned by corporate insiders.

Institutional Trading of DeFi Development

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG acquired a new position in DeFi Development during the 3rd quarter worth about $693,000. Polar Asset Management Partners Inc. bought a new position in shares of DeFi Development in the third quarter worth about $6,379,000. Bank of America Corp DE acquired a new position in shares of DeFi Development during the third quarter worth approximately $66,000. Centiva Capital LP bought a new stake in shares of DeFi Development during the third quarter valued at approximately $469,000. Finally, Millennium Management LLC bought a new stake in shares of DeFi Development during the third quarter valued at approximately $1,982,000. 0.48% of the stock is currently owned by institutional investors and hedge funds.

About DeFi Development

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.