Cantor Fitzgerald Boosts DeFi Development (NASDAQ:DFDV) Price Target to $7.00

DeFi Development (NASDAQ:DFDV) had its price target increased by research analysts at Cantor Fitzgerald from $6.00 to $7.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 79.26% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a report on Monday, April 20th. Wall Street Zen downgraded DeFi Development from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, DeFi Development has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

DeFi Development Stock Performance

Shares of NASDAQ:DFDV traded down $0.04 on Wednesday, hitting $3.91. 172,532 shares of the company were exchanged, compared to its average volume of 1,206,501. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 12.53. The stock’s 50 day moving average price is $4.22 and its 200 day moving average price is $5.15. DeFi Development has a 1-year low of $2.96 and a 1-year high of $33.75. The firm has a market capitalization of $117.61 million, a P/E ratio of -0.48 and a beta of -4.24.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings results on Tuesday, May 19th. The company reported $999.00 earnings per share for the quarter. DeFi Development had a positive return on equity of 15.58% and a negative net margin of 1,136.38%.The business had revenue of $2.66 million for the quarter.

Hedge Funds Weigh In On DeFi Development

A number of institutional investors have recently bought and sold shares of the company. Bank of America Corp DE purchased a new stake in shares of DeFi Development during the 3rd quarter valued at approximately $66,000. Farther Finance Advisors LLC purchased a new stake in DeFi Development in the fourth quarter valued at $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of DeFi Development in the 4th quarter valued at $47,000. Wells Fargo & Company MN lifted its stake in shares of DeFi Development by 34.2% in the 4th quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock valued at $211,000 after purchasing an additional 10,651 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of DeFi Development during the 4th quarter worth $54,000. 0.48% of the stock is owned by hedge funds and other institutional investors.

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.