Fold (NASDAQ:FLD) Raised to “Sell” at Wall Street Zen

Fold (NASDAQ:FLD) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

FLD has been the topic of a number of other research reports. HC Wainwright reduced their target price on Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. Finally, Cantor Fitzgerald reduced their target price on Fold from $4.50 to $2.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Fold has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Fold Stock Performance

NASDAQ:FLD opened at $1.56 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $1.36 and its two-hundred day moving average is $2.41. Fold has a 52 week low of $1.00 and a 52 week high of $5.54. The company has a market cap of $77.73 million, a PE ratio of -0.65 and a beta of 0.27.

Insider Activity

In related news, CFO Wolfe Repass sold 21,857 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $1.48, for a total value of $32,348.36. Following the sale, the chief financial officer owned 150,377 shares of the company’s stock, valued at approximately $222,557.96. This trade represents a 12.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 104,385 shares of company stock valued at $152,309. Company insiders own 66.80% of the company’s stock.

Institutional Trading of Fold

Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in Fold in the 2nd quarter valued at approximately $749,000. State Street Corp increased its position in Fold by 110.8% in the 4th quarter. State Street Corp now owns 78,200 shares of the company’s stock valued at $204,000 after acquiring an additional 41,100 shares during the period. Mariner LLC increased its position in Fold by 60.9% in the 4th quarter. Mariner LLC now owns 63,518 shares of the company’s stock valued at $166,000 after acquiring an additional 24,038 shares during the period. Millennium Management LLC acquired a new stake in Fold in the 3rd quarter valued at approximately $97,000. Finally, Shay Capital LLC acquired a new stake in Fold in the 3rd quarter valued at approximately $92,000. 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.