Benchmark Lowers DeFi Technologies (NASDAQ:DEFT) Price Target to $1. 00
DeFi Technologies (NASDAQ:DEFT-Get Free Report) had its price target cut by analysts at Benchmark from $2. 00 to $1. 00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy". . .
DeFi Technologies (NASDAQ:DEFT-Get Free Report)had its price target cut by analysts at Benchmark from $2. 00 to $1. 00 in a report issued on Tuesday,Benzingareports. The brokerage presently has a "buy" rating on the stock. Benchmark's price target would suggest a potential upside of 115. 05% from the company's previous close. DEFT has been the topic of several other reports. Wall Street Zencut DeFi Technologies to a "strong sell" rating in a report on Saturday. Weiss Ratingsraised shares of DeFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 8th. Finally, Northland Securities set a $1. 25 price objective on shares of DeFi Technologies in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1. 44. GetDeFi Technologiesalerts:Get Our Latest Stock Analysis on DEFTDeFi Technologies Price PerformanceShares ofNASDAQ DEFTopened at $0. 47 on Tuesday. The company has a 50 day simple moving average of $0. 49 and a 200 day simple moving average of $0. 62. DeFi Technologies has a 1 year low of $0. 39 and a 1 year high of $2. 80. The firm has a market cap of $180. 51 million, a PE ratio of 7. 75 and a beta of 3. 92. DeFi Technologies (NASDAQ:DEFT-Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0. 03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0. 01) by ($0. 02). DeFi Technologies had a net margin of 39. 65% and a return on equity of 15. 43%. As a group, research analysts anticipate that DeFi Technologies will post -0. 01 earnings per share for the current fiscal year. Institutional Trading of DeFi TechnologiesHedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of 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 worth $5,531,000 after acquiring an additional 5,909,228 shares in the last quarter. Cable Car Capital LP purchased a new position in DeFi Technologies in the third quarter worth $10,871,000. Millennium Management LLC increased its position in shares of DeFi Technologies by 103. 6% during 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 during the last quarter. Marshall Wace LLP boosted its holdings in shares of DeFi Technologies by 128. 0% in the 3rd quarter. Marshall Wace LLP now owns 4,384,356 shares of the company's stock worth $9,251,000 after buying an additional 2,461,204 shares during the last quarter. Finally, Galaxy Digital Inc. purchased a new position in shares of DeFi Technologies in the 1st quarter worth about $1,050,000. DeFi Technologies Company Profile(Get Free Report)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. Read MoreFive stocks we like better than DeFi TechnologiesOrbiting Wealth: Institutions Load Up SpaceXUncle Sam’s Chip Trick: How the Government Built a Silicon Moat3 Infrastructure Stocks Built Around the Backbone of the EconomyMoonshot to Money: Intuitive Machines Lands $600M Defense WinThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed. Should You Invest $1,000 in DeFi Technologies Right Now?Before you consider DeFi Technologies, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on. . . and DeFi Technologies wasn't on the list. While DeFi Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks HereTesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom. Get This Free Report