Fold (NASDAQ:FLD) Director Buys $10,540.00 in Stock

Fold Holdings, Inc. (NASDAQ:FLDGet Free Report) Director Bracebridge Young, Jr. purchased 8,500 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $1.24 per share, with a total value of $10,540.00. Following the purchase, the director directly owned 40,100 shares in the company, valued at approximately $49,724. The trade was a 26.90% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Fold Stock Performance

FLD stock opened at $1.25 on Friday. The company has a market capitalization of $62.78 million, a P/E ratio of -1.17 and a beta of 0.39. Fold Holdings, Inc. has a 52-week low of $1.00 and a 52-week high of $5.54. The business has a 50-day simple moving average of $1.33 and a two-hundred day simple moving average of $2.02.

Fold (NASDAQ:FLDGet Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.43). Fold had a negative return on equity of 90.99% and a negative net margin of 164.63%.The business had revenue of $5.59 million during the quarter, compared to analysts’ expectations of $10.00 million. As a group, sell-side analysts forecast that Fold Holdings, Inc. will post -0.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

FLD has been the topic of a number of research reports. Cantor Fitzgerald lowered their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. HC Wainwright reduced their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Northland Securities set a $3.50 price target on shares of Fold 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 assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2.73.

Read Our Latest Stock Report on Fold

More Fold News

Here are the key news stories impacting Fold this week:

Institutional Trading of Fold

Several institutional investors have recently added to or reduced their stakes in FLD. Geode Capital Management LLC purchased a new stake in Fold during the second quarter valued at about $749,000. Baird Financial Group Inc. bought a new position in shares of Fold during the second quarter valued at about $445,000. Osaic Holdings Inc. bought a new position in shares of Fold during the second quarter valued at about $121,000. Valeo Financial Advisors LLC bought a new position in shares of Fold during the third quarter valued at about $47,000. Finally, Vanguard Group Inc. raised its stake in shares of Fold by 650.5% during the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after acquiring an additional 1,538,920 shares during the last quarter. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

Fold Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Fold (NASDAQ:FLD)

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