Insider Buying: Fold (NASDAQ:FLD) Director Acquires 10,000 Shares of Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Bracebridge Young, Jr. acquired 10,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $1.03 per share, with a total value of $10,300.00. Following the transaction, the director directly owned 50,100 shares of the company’s stock, valued at $51,603. This represents a 24.94% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Fold Price Performance

FLD stock traded down $0.01 during trading hours on Thursday, reaching $1.00. The stock had a trading volume of 139,906 shares, compared to its average volume of 135,532. The stock has a market capitalization of $50.59 million, a PE ratio of -0.93 and a beta of 0.39. The stock has a 50-day simple moving average of $1.31 and a 200 day simple moving average of $1.95. Fold Holdings, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $5.30.

Fold (NASDAQ:FLD) last announced its quarterly 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). The firm had revenue of $5.59 million during the quarter, compared to analyst estimates of $10.00 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. On average, sell-side analysts forecast that Fold Holdings, Inc. will post -0.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Fold

Hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC acquired a new stake in Fold in the 3rd quarter worth about $39,000. SevenBridge Financial Group LLC acquired a new stake in Fold in the 3rd quarter worth about $39,000. Barclays PLC acquired a new stake in Fold in the 4th quarter worth about $26,000. Vontobel Holding Ltd. raised its stake in Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after purchasing an additional 10,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Fold in the 4th quarter worth about $28,000. 56.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on FLD. Northland Securities set a $3.50 price target on shares of Fold in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. HC Wainwright cut their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Cantor Fitzgerald cut their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.