Insider Buying: Fold (NASDAQ:FLD) Director Acquires 8,500 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Bracebridge Young, Jr. purchased 8,500 shares of the stock in a transaction on Monday, May 18th. The stock was bought at an average cost of $1.24 per share, for a total transaction of $10,540.00. Following the completion of the acquisition, the director owned 40,100 shares in the company, valued at approximately $49,724. This trade represents a 26.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fold Price Performance

Fold stock traded down $0.05 during trading hours on Tuesday, hitting $1.20. The company had a trading volume of 45,376 shares, compared to its average volume of 121,793. The firm has a market cap of $60.01 million, a PE ratio of -1.12 and a beta of 0.39. Fold Holdings, Inc. has a one year low of $1.00 and a one year high of $5.54. The firm has a 50-day moving average of $1.33 and a 200 day moving average of $2.06.

Fold (NASDAQ:FLD) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.43). Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. The company had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. As a group, research analysts expect that Fold Holdings, Inc. will post -0.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on FLD. HC Wainwright decreased their target price 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. Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Northland Securities set a $3.50 price target on shares of Fold in a research report on Wednesday, May 13th. Cantor Fitzgerald reduced their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2.73.

Fold News Summary

Here are the key news stories impacting Fold this week:

• Neutral Sentiment: Multiple reports suggest Apple is moving closer to a foldable iPhone, with leaks and rumors pointing to major features and a possible launch timeline. That could expand the foldable market, but it also raises the risk of more competition for current players in the space. Apple Just Confirmed 6 Major Features for the iPhone Ultra Fold
• Neutral Sentiment: Samsung Galaxy Z Fold 8 leaks continue to highlight thinner designs, hinge changes, and other hardware updates, showing that foldables remain a fast-moving and competitive product category. Galaxy Z Fold 8, Wide Fold leak again, leaving little to imagination
• Neutral Sentiment: Some coverage points to possible tradeoffs in new foldable designs, including missing features such as telephoto cameras or S Pen support, which could affect consumer demand across the category but does not directly change Fold’s fundamentals. Samsung Removed a Key Camera From the Galaxy Z Fold 8
• Negative Sentiment: Fold disclosed that CTO Thomas J. Dickman sold shares, though the filing says the sale was tied to tax withholding on vested equity awards. Insider selling can still weigh on sentiment even when the reason is routine. SEC filing for insider sale
• Negative Sentiment: News that Apple’s foldable project may face hinge-related delays adds to uncertainty around the timing of broader foldable-phone adoption, which could keep near-term investor enthusiasm in check. Problematic hinge could delay the iPhone Fold

Hedge Funds Weigh In On Fold

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC bought a new position in Fold in the 3rd quarter valued at approximately $39,000. SevenBridge Financial Group LLC bought a new position in Fold in the 3rd quarter valued at approximately $39,000. Barclays PLC bought a new position in Fold in the 4th quarter valued at approximately $26,000. Vontobel Holding Ltd. lifted its stake in Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock valued at $235,000 after purchasing an additional 10,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Fold in the 4th quarter valued at approximately $28,000. 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.