Fold (NASDAQ:FLD) Price Target Cut to $1.70 by Analysts at Cantor Fitzgerald

Fold (NASDAQ:FLD) had its price objective dropped by research analysts at Cantor Fitzgerald from $2.00 to $1.70 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 16.04% from the company’s current price.

A number of other research firms have also issued reports on FLD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. Wall Street Zen raised Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, HC Wainwright cut their target price on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Fold currently has an average rating of “Moderate Buy” and a consensus target price of $4.90.

Fold Price Performance

Shares of FLD opened at $1.47 on Wednesday. The company has a market cap of $73.00 million, a P/E ratio of -0.56 and a beta of 0.39. Fold has a fifty-two week low of $1.00 and a fifty-two week high of $5.54. 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 firm’s 50 day moving average price is $1.34 and its 200 day moving average price is $2.14.

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 $10.00 million. Fold had a negative return on equity of 81.78% and a negative net margin of 218.88%. On average, research analysts forecast that Fold will post -0.62 earnings per share for the current fiscal year.

Insider Activity at Fold

In other news, CFO Wolfe Repass sold 21,857 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $1.48, for a total value of $32,348.36. Following the transaction, the chief financial officer owned 150,377 shares in the company, valued at approximately $222,557.96. This represents a 12.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 122,099 shares of company stock valued at $178,281. Corporate insiders own 23.08% of the company’s stock.

Hedge Funds Weigh In On Fold

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Fold by 650.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock worth $6,853,000 after buying an additional 1,538,920 shares during the last quarter. Geode Capital Management LLC acquired a new position in Fold during the second quarter worth approximately $749,000. Baird Financial Group Inc. acquired a new position in shares of Fold in the 2nd quarter valued at $445,000. Evernest Financial Advisors LLC purchased a new stake in shares of Fold in the third quarter valued at about $165,000. Finally, State Street Corp boosted its stake in shares of Fold by 110.8% during the fourth quarter. State Street Corp now owns 78,200 shares of the company’s stock worth $204,000 after buying an additional 41,100 shares during the period. 56.89% of the stock is currently owned by hedge funds and other institutional investors.

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.