Brokerages Set Fold Holdings, Inc. (NASDAQ:FLD) PT at $7.83

Shares of Fold Holdings, Inc. (NASDAQ:FLD) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.8333.

A number of brokerages have commented on FLD. Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research report on Saturday, September 27th. Cantor Fitzgerald initiated coverage on Fold in a research note on Monday, July 28th. They issued an “overweight” rating and a $6.50 price objective on the stock. Finally, Wall Street Zen downgraded Fold from a “hold” rating to a “sell” rating in a research note on Friday, September 26th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in shares of Fold in the second quarter worth about $121,000. Baird Financial Group Inc. purchased a new stake in shares of Fold during the second quarter worth about $445,000. Van Hulzen Asset Management LLC purchased a new stake in shares of Fold during the second quarter worth about $43,000. DLD Asset Management LP purchased a new stake in shares of Fold during the second quarter worth about $102,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Fold during the second quarter worth about $749,000. Institutional investors own 56.89% of the company’s stock.

Fold Stock Performance

FLD stock opened at $3.90 on Friday. Fold has a fifty-two week low of $2.51 and a fifty-two week high of $14.00. The business’s 50-day moving average is $3.75 and its two-hundred day moving average is $4.24. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.60 and a quick ratio of 1.58.

Fold (NASDAQ:FLD) last posted its earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The business had revenue of $8.18 million during the quarter, compared to the consensus estimate of $8.07 million.

About Fold

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.