Fold (NASDAQ:FLD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fold (NASDAQ:FLD) from a sell rating to a hold rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on FLD. Cantor Fitzgerald assumed coverage on Fold in a report on Monday, July 28th. They set an “overweight” rating and a $6.50 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $7.83.

Fold Stock Performance

Fold stock opened at $3.97 on Friday. Fold has a 52 week low of $2.51 and a 52 week high of $14.00. The company has a current ratio of 1.60, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $3.73 and a 200 day simple moving average of $4.12.

Fold (NASDAQ:FLD) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The company had revenue of $8.18 million during the quarter, compared to analyst estimates of $8.07 million.

Institutional Investors Weigh In On Fold

Several hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Fold during the second quarter worth approximately $25,000. FNY Investment Advisers LLC acquired a new stake in shares of Fold in the second quarter valued at approximately $29,000. North Capital Inc. acquired a new stake in shares of Fold in the second quarter valued at approximately $30,000. Harvest Portfolios Group Inc. acquired a new stake in shares of Fold in the second quarter valued at approximately $43,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in shares of Fold in the second quarter valued at approximately $43,000. 56.89% of the stock is currently owned by institutional investors and hedge funds.

About Fold

FTAC Emerald Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, and similar business combination with one or more businesses or assets operating in the clean/renewable energy, water sustainability, agricultural technology, shared economy software, and mobility sectors.