Fold (NASDAQ:FLD – Free Report) had its price target lowered by Cantor Fitzgerald from $1.70 to $0.70 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
Several other brokerages also recently issued reports on FLD. Northland Securities set a $3.50 price target on Fold in a research 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. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Fold in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.40.
Check Out Our Latest Research Report on Fold
Fold Stock Up 0.1%
Fold (NASDAQ:FLD – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). Fold had a negative net margin of 258.60% and a negative return on equity of 116.17%. The firm had revenue of $6.09 million for the quarter, compared to analyst estimates of $7.67 million. On average, research analysts anticipate that Fold will post -0.64 EPS for the current year.
Insider Transactions at Fold
In other news, Director Jonathan Kirkwood bought 105,000 shares of the stock in a transaction on Friday, June 12th. The stock was purchased at an average price of $0.61 per share, with a total value of $64,050.00. Following the completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have purchased 123,500 shares of company stock worth $84,890 and have sold 87,490 shares worth $87,964. Corporate insiders own 23.08% of the company’s stock.
Institutional Investors Weigh In On Fold
Large investors have recently modified their holdings of the business. Geode Capital Management LLC bought a new stake in Fold during the 2nd quarter worth approximately $749,000. Baird Financial Group Inc. bought a new stake in Fold in the 2nd quarter valued at $445,000. Osaic Holdings Inc. bought a new position in Fold during the 2nd quarter worth about $121,000. Vanguard Group Inc. raised its stake in shares of Fold by 650.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after purchasing an additional 1,538,920 shares during the period. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Fold in the third quarter valued at about $39,000. 56.89% of the stock is currently owned by institutional investors.
More Fold News
Here are the key news stories impacting Fold this week:
- Positive Sentiment: Northland raises 2026 earnings forecasts. Northland Securities improved its estimates for Fold’s third-quarter EPS to a loss of $0.09 from $0.14, fourth-quarter EPS to a loss of $0.10 from $0.15, and full-year 2026 EPS to a loss of $0.55 from $0.62. The revisions remain loss estimates, but they are better than previously expected and more optimistic than the current consensus forecast of a $0.68 loss. Northland Securities earnings estimates
- Positive Sentiment: Credit-card rollout is advancing. Fold said early access for its credit card has reached 2,000 customers and that it plans a broader rollout later this summer. Greater adoption could support future revenue and customer growth, although the company has not yet demonstrated that the product will materially improve profitability. Fold credit-card rollout
- Neutral Sentiment: Cantor cuts its price target but keeps an Overweight rating. Cantor Fitzgerald reduced its target for FLD from $1.70 to $0.70, signaling substantially lower valuation expectations, while maintaining an Overweight recommendation. The new target still implies significant upside if Fold executes successfully, but the reduction highlights investor concerns about the company’s outlook. Cantor Fitzgerald price-target update
- Neutral Sentiment: Recent Q2 results remain a key risk. Fold previously reported a $0.19-per-share loss versus the $0.15 expected loss and revenue of $6.09 million versus the $7.67 million consensus estimate. Its negative margins and return on equity reinforce the need for stronger growth and cost control. Fold Q2 earnings call highlights
- Neutral Sentiment: Most other listed headlines concern foldable smartphones from Samsung, Google, or Apple. Those articles are unrelated to Fold Holdings’ fintech business and should not be treated as catalysts for FLD.
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.
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