DeFi Technologies (NASDAQ:DEFT) Posts Quarterly Earnings Results, Misses Expectations By $0. 02 EPS
DeFi Technologies (NASDAQ:DEFT - Get Free Report) issued its earnings results on Thursday. The company reported ($0. 03) earnings per share for the quarter, missing analysts' consensus estimates of ($0. 01) by ($0. 02). DeFi Technologies had a return on equity of 42. 24% and a net margin of 56. 94%.
DeFi Technologies (NASDAQ:DEFT-Get Free Report) released its earnings results on Thursday. The company reported ($0. 03) EPS for the quarter, missing the consensus estimate of ($0. 01) by ($0. 02),Zacksreports. DeFi Technologies had a return on equity of 42. 24% and a net margin of 56. 94%. GetDeFi Technologiesalerts:DeFi Technologies Stock Down 5. 6%Shares ofNASDAQ:DEFTtraded down $0. 03 during midday trading on Thursday, hitting $0. 48. 3,256,837 shares of the company's stock were exchanged, compared to its average volume of 4,590,243. The company has a debt-to-equity ratio of 0. 02, a current ratio of 1. 10 and a quick ratio of 1. 10. DeFi Technologies has a 12 month low of $0. 39 and a 12 month high of $2. 80. The company has a market cap of $186. 65 million, a PE ratio of 4. 81 and a beta of 3. 92. The stock has a 50 day moving average price of $0. 49 and a 200-day moving average price of $0. 63. Hedge Funds Weigh In On DeFi TechnologiesA number of hedge funds have recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP bought a new stake in DeFi Technologies during the 2nd quarter worth approximately $41,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of DeFi Technologies during the third quarter valued at approximately $34,000. Shay Capital LLC purchased a new position in shares of DeFi Technologies during the second quarter valued at approximately $50,000. Lazard Asset Management LLC bought a new stake in DeFi Technologies during the second quarter worth $51,000. Finally, Captrust Financial Advisors bought a new stake in DeFi Technologies during the second quarter worth $57,000. Wall Street Analysts Forecast GrowthSeveral equities analysts have issued reports on the company. Weiss Ratingsraised DeFi Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, June 8th. Wall Street Zenraised shares of DeFi Technologies from a "strong sell" rating to a "sell" rating in a research report on Monday, June 29th. Finally, Benchmark lowered their price objective on shares of DeFi Technologies from $3. 00 to $2. 00 and set a "buy" rating for the company in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $2. 00. View Our Latest Research Report on DEFTAbout DeFi Technologies(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. Featured StoriesFive stocks we like better than DeFi TechnologiesAsian Market Circuit Breakers Hit Stocks, Not AI DemandRiot Platforms Re-Wires the Ledger for a $9B AI Power PlayNebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?Joby’s Defense Pivot Accelerates With $500M Resonant Sciences DealThis 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 HereThe AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates. Get This Free Report