Cantor Fitzgerald Issues Pessimistic Forecast for Fold (NASDAQ:FLD) Stock Price

Fold (NASDAQ:FLD) had its price objective decreased by investment analysts at Cantor Fitzgerald from $2.00 to $1.70 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 16.04% from the company’s current price.

Other equities research analysts have also issued reports about the company. HC Wainwright decreased their target price on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Fold presently has an average rating of “Moderate Buy” and a consensus target price of $4.90.

Fold Stock Down 1.0%

NASDAQ FLD opened at $1.47 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. Fold has a 52 week low of $1.00 and a 52 week high of $5.54. The firm has a market capitalization of $73.00 million, a price-to-earnings ratio of -0.56 and a beta of 0.39. The company has a fifty day moving average of $1.34 and a two-hundred day moving average of $2.14.

Fold (NASDAQ:FLD) last released its earnings results on Tuesday, May 12th. The company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.43). Fold had a negative net margin of 218.88% and a negative return on equity of 81.78%. The business had revenue of $5.59 million for the quarter, compared to the consensus estimate of $10.00 million. On average, analysts predict that Fold will post -0.62 earnings per share for the current year.

Insider Buying and Selling

In other Fold news, CFO Wolfe Repass sold 21,857 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $1.48, for a total value of $32,348.36. Following the transaction, the chief financial officer owned 150,377 shares of the company’s stock, valued at $222,557.96. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 122,099 shares of company stock valued at $178,281 over the last 90 days. Corporate insiders own 23.08% of the company’s stock.

Institutional Investors Weigh In On Fold

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC purchased a new position in shares of Fold during the 4th quarter worth approximately $26,000. Goldman Sachs Group Inc. acquired a new position in Fold during the fourth quarter worth $28,000. Abel Hall LLC acquired a new position in Fold during the first quarter worth $31,000. SevenBridge Financial Group LLC purchased a new position in shares of Fold during the third quarter worth $39,000. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Fold during the third quarter worth $39,000. 56.89% of the stock is owned by hedge funds and other institutional investors.

About Fold

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.