DeFi Technologies (NASDAQ:DEFT) Issues Quarterly Earnings Results
by Kim Johansen · The Markets DailyDeFi Technologies (NASDAQ:DEFT – Get Free Report) issued its earnings results on Thursday. The company reported $0.08 earnings per share (EPS) for the quarter, Zacks reports. DeFi Technologies had a net margin of 23.89% and a return on equity of 105.69%.
DeFi Technologies Trading Up 3.4%
Shares of DeFi Technologies stock opened at $0.71 on Friday. DeFi Technologies has a 1 year low of $0.47 and a 1 year high of $4.95. 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 business has a 50 day moving average price of $0.69 and a 200 day moving average price of $1.25. The company has a market capitalization of $276.22 million, a P/E ratio of 14.25 and a beta of 4.24.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Wall Street Zen cut DeFi Technologies from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of DeFi Technologies in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, DeFi Technologies presently has an average rating of “Moderate Buy” and an average price target of $4.50.
Get Our Latest Stock Analysis on DEFT
Hedge Funds Weigh In On DeFi Technologies
Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of DeFi Technologies by 416.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,329,284 shares of the company’s stock valued at $5,531,000 after acquiring an additional 5,909,228 shares in the last quarter. Cable Car Capital LP acquired a new position in DeFi Technologies in the 3rd quarter valued at about $10,871,000. Millennium Management LLC lifted its holdings in DeFi Technologies by 103.6% in the 4th 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 in the last quarter. Marshall Wace LLP lifted its holdings in DeFi Technologies by 128.0% in the 3rd 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 in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of DeFi Technologies by 141.4% during the 4th 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.
About DeFi Technologies
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.