Fold Sees Unusually High Options Volume (NASDAQ:FLD)

Fold Holdings, Inc. (NASDAQ:FLD) saw some unusual options trading on Thursday. Traders bought 2,620 call options on the company. This represents an increase of approximately 423% compared to the typical volume of 501 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FLD. Cantor Fitzgerald lowered their price objective on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Fold in a research report on Monday, June 15th. HC Wainwright reduced their target price on shares of Fold from $7.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Wall Street Zen upgraded shares of Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Northland Securities set a $3.50 price target on shares of Fold in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.73.

Fold Stock Down 0.9%

FLD traded down $0.00 during midday trading on Thursday, reaching $0.49. The company had a trading volume of 81,623 shares, compared to its average volume of 1,207,857. The business has a 50-day moving average of $1.00 and a two-hundred day moving average of $1.53. Fold has a 1 year low of $0.44 and a 1 year high of $4.73. The company has a market cap of $25.14 million, a P/E ratio of -0.46 and a beta of 0.37.

Fold (NASDAQ:FLD) last posted its quarterly earnings data 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). The company had revenue of $5.59 million for the quarter, compared to analysts’ expectations of $9.99 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. On average, equities research analysts predict that Fold will post -0.64 EPS for the current year.

Insider Buying and Selling

In other news, Director Jonathan Kirkwood bought 105,000 shares of the stock in a transaction on Friday, June 12th. The shares were bought at an average price of $0.61 per share, with a total value of $64,050.00. Following the completion of the acquisition, the director owned 457,295 shares in the company, valued at $278,949.95. The trade was a 29.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders acquired 123,500 shares of company stock worth $84,890 and sold 94,873 shares worth $112,889. Company insiders own 23.08% of the company’s stock.

Hedge Funds Weigh In On Fold

A number of hedge funds have recently modified their holdings of FLD. Vanguard Group Inc. increased its stake in shares of Fold by 650.5% in the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock worth $6,853,000 after purchasing an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Fold by 35.7% during the 4th quarter. Geode Capital Management LLC now owns 253,494 shares of the company’s stock valued at $662,000 after buying an additional 66,690 shares in the last quarter. Baird Financial Group Inc. bought a new position in Fold in the 2nd quarter worth $445,000. Vontobel Holding Ltd. boosted its holdings 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 buying an additional 10,118 shares during the period. Finally, Union Square Park Capital Management LLC increased its stake in Fold by 50.7% in the 3rd quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after buying an additional 29,974 shares in the last quarter. 56.89% of the stock is currently owned by institutional investors.

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.