Jonathan Kirkwood Buys 105,000 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Jonathan Kirkwood purchased 105,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were purchased at an average price of $0.61 per share, for a total transaction of $64,050.00. Following the purchase, the director owned 457,295 shares of the company’s stock, valued at approximately $278,949.95. This trade represents a 29.80% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Fold Price Performance

FLD stock opened at $0.56 on Wednesday. Fold Holdings, Inc. has a 1-year low of $0.56 and a 1-year high of $4.88. The business has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.73. The company has a market capitalization of $28.44 million, a P/E ratio of -0.52 and a beta of 0.26.

Fold (NASDAQ:FLD) last posted 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 164.63% and a negative return on equity of 90.99%. The business had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $10.00 million. On average, analysts anticipate that Fold Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Institutional Trading of Fold

A number of institutional investors have recently made changes to their positions in FLD. Barclays PLC acquired a new position in Fold during the 4th quarter valued at about $26,000. Goldman Sachs Group Inc. acquired a new stake in Fold in the fourth quarter worth about $28,000. Abel Hall LLC acquired a new stake in Fold in the first quarter worth about $31,000. SevenBridge Financial Group LLC purchased a new stake in shares of Fold during the third quarter worth about $39,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Fold during the third quarter worth about $39,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FLD. Northland Securities set a $3.50 target price on Fold in a report on Wednesday, May 13th. HC Wainwright cut their price target on Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Cantor Fitzgerald dropped their price objective on Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $2.73.

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.