Daniel Kang Acquires 11,000 Shares of DeFi Development (NASDAQ:DFDV) Stock

DeFi Development Corp. (NASDAQ:DFDV) insider Daniel Kang bought 11,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $3.88 per share, for a total transaction of $42,680.00. Following the transaction, the insider directly owned 18,181 shares in the company, valued at approximately $70,542.28. This represents a 153.18% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Daniel Kang also recently made the following trade(s):

• On Friday, August 14th, Daniel Kang purchased 13,000 shares of DeFi Development stock. The stock was bought at an average cost of $2.91 per share, for a total transaction of $37,830.00.

DeFi Development Price Performance

Shares of NASDAQ DFDV opened at $3.94 on Friday. The firm has a market cap of $122.14 million, a PE ratio of -0.39 and a beta of -3.94. The firm has a fifty day moving average of $2.98 and a 200 day moving average of $3.63. The company has a debt-to-equity ratio of 12.53, a quick ratio of 1.27 and a current ratio of 1.27. DeFi Development Corp. has a one year low of $2.44 and a one year high of $20.30.

DeFi Development (NASDAQ:DFDV) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.21) earnings per share (EPS) for the quarter. DeFi Development had a negative net margin of 1,319.45% and a positive return on equity of 17.97%. The company had revenue of $3.31 million for the quarter.

Institutional Investors Weigh In On DeFi Development

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of DeFi Development during the third quarter worth $66,000. Farther Finance Advisors LLC purchased a new position in shares of DeFi Development in the fourth quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new position in DeFi Development during the fourth quarter worth about $47,000. Wells Fargo & Company MN boosted its position in DeFi Development by 34.2% during the fourth quarter. Wells Fargo & Company MN now owns 41,752 shares of the company’s stock worth $211,000 after acquiring an additional 10,651 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in DeFi Development during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald decreased their price target on shares of DeFi Development from $7.00 to $4.70 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of DeFi Development in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.70.

DeFi Development Company Profile

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.