Fold (NASDAQ:FLD) Raised to Hold at Wall Street Zen

Fold (NASDAQ:FLD) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Fold in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.83.

Fold Trading Up 1.9%

Shares of Fold stock opened at $3.25 on Friday. The firm has a 50-day simple moving average of $3.54 and a two-hundred day simple moving average of $3.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.44 and a current ratio of 1.47. Fold has a fifty-two week low of $2.51 and a fifty-two week high of $14.00. The company has a market cap of $157.01 million, a P/E ratio of -4.33 and a beta of 0.16.

Fold (NASDAQ:FLD) last posted its earnings results on Monday, November 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The firm had revenue of $7.40 million during the quarter, compared to analysts’ expectations of $9.20 million.

Hedge Funds Weigh In On Fold

Hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Fold in the second quarter worth approximately $25,000. North Capital Inc. purchased a new position in Fold in the 2nd quarter valued at $30,000. FNY Investment Advisers LLC acquired a new stake in Fold during the 2nd quarter worth $29,000. SevenBridge Financial Group LLC purchased a new stake in shares of Fold during the third quarter worth $39,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Fold during the third quarter worth $39,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

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.