Fold (NASDAQ:FLD) Upgraded at Wall Street Zen
by Renee Jackson · The Cerbat GemWall Street Zen upgraded shares of Fold (NASDAQ:FLD – Free Report) from a strong sell rating to a sell rating in a report published on Saturday.
Other equities analysts have also recently issued research reports about the stock. HC Wainwright reduced their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald cut their price objective on Fold from $4.50 to $2.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $5.00.
Check Out Our Latest Stock Analysis on Fold
Fold Price Performance
Shares of FLD stock opened at $1.59 on Friday. The firm has a market cap of $79.23 million, a P/E ratio of -0.66 and a beta of 0.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.84. Fold has a 1-year low of $1.00 and a 1-year high of $5.54. The firm has a fifty day moving average of $1.36 and a two-hundred day moving average of $2.39.
Insider Buying and Selling at Fold
In other Fold news, CFO Wolfe Repass sold 21,857 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $1.48, for a total transaction of $32,348.36. Following the sale, the chief financial officer directly owned 150,377 shares of the company’s stock, valued at approximately $222,557.96. This represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 104,385 shares of company stock worth $152,309 over the last 90 days. 66.80% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Fold
A number of institutional investors have recently modified their holdings of FLD. Vanguard Group Inc. raised its stake in Fold by 650.5% during the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock worth $6,853,000 after acquiring an additional 1,538,920 shares during the period. Geode Capital Management LLC acquired a new position in Fold in the second quarter valued at approximately $749,000. Baird Financial Group Inc. bought a new position in shares of Fold during the second quarter valued at approximately $445,000. Vontobel Holding Ltd. bought a new position in shares of Fold during the third quarter valued at approximately $309,000. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Fold during the 3rd quarter worth approximately $165,000. Institutional investors own 56.89% of the company’s stock.
Fold Company Profile
Fold, trading under the ticker FLD on the NASDAQ, is a financial technology company specializing in bitcoin rewards and cryptocurrency-based consumer products. The company’s core offering enables users to earn bitcoin on everyday purchases through a prepaid Visa debit card, converting traditional currency transactions into bitcoin rewards at no extra cost. By partnering with major payment networks and merchant platforms, Fold aims to bridge the gap between mainstream spending and digital asset adoption.
Beyond the debit card, Fold offers a mobile application that integrates with the Bitcoin Lightning Network to facilitate faster and more cost-efficient transactions.