DeFi Technologies (NASDAQ:DEFT) Posts Earnings Results

DeFi Technologies (NASDAQ:DEFT) released its earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. DeFi Technologies had a return on equity of 105.69% and a net margin of 23.89%.

DeFi Technologies Stock Performance

NASDAQ:DEFT opened at $0.71 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $276.22 million, a PE ratio of 14.25 and a beta of 4.24. The firm has a 50 day simple moving average of $0.69 and a 200-day simple moving average of $1.25. DeFi Technologies has a 1-year low of $0.47 and a 1-year high of $4.95.

Institutional Trading of DeFi Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in DeFi Technologies by 416.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,329,284 shares of the company’s stock valued at $5,531,000 after buying an additional 5,909,228 shares during the period. Cable Car Capital LP acquired a new stake in shares of DeFi Technologies in the third quarter worth approximately $10,871,000. Millennium Management LLC grew its holdings in DeFi Technologies by 103.6% in the fourth quarter. Millennium Management LLC now owns 5,836,397 shares of the company’s stock valued at $4,404,000 after purchasing an additional 2,969,170 shares during the period. Marshall Wace LLP grew its holdings in DeFi Technologies by 128.0% in the third quarter. Marshall Wace LLP now owns 4,384,356 shares of the company’s stock valued at $9,251,000 after purchasing an additional 2,461,204 shares during the period. Finally, Invesco Ltd. increased its position in DeFi Technologies by 141.4% during the fourth quarter. Invesco Ltd. now owns 2,140,354 shares of the company’s stock worth $1,615,000 after purchasing an additional 1,253,690 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a research note on Wednesday, January 21st. Wall Street Zen cut DeFi Technologies from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $4.50.

DeFi Technologies Company Profile

DeFi Technologies Inc is a Vancouver-based company focused on decentralized finance (DeFi) and digital asset investments. Through strategic equity stakes and token allocations, the company aims to provide investors with exposure to leading DeFi protocols, applications, and infrastructure projects. Its core activities include sourcing, evaluating and acquiring positions in blockchain-based platforms that facilitate decentralized lending, trading, yield farming and liquidity provision.

In addition to its investment portfolio, DeFi Technologies works to develop and distribute tokenized products that bridge traditional capital markets with emerging DeFi ecosystems.