Fold (NASDAQ:FLD) Downgraded to “Sell” Rating by Wall Street Zen

Fold (NASDAQ:FLD) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research analysts also recently commented on FLD. HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of Fold in a research note on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Fold currently has a consensus rating of “Moderate Buy” and an average target price of $7.83.

Fold Stock Down 0.7%

FLD stock opened at $1.35 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87. The firm has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $2.90. The company has a market capitalization of $65.22 million, a P/E ratio of -1.80 and a beta of 0.23. Fold has a twelve month low of $1.31 and a twelve month high of $8.53.

Insider Activity at Fold

In other Fold news, CFO Wolfe Repass sold 21,857 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $1.48, for a total value of $32,348.36. Following the sale, the chief financial officer owned 150,377 shares in the company, valued at approximately $222,557.96. This trade represents a 12.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 97,120 shares of company stock valued at $143,439 in the last quarter. 66.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fold

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new stake in Fold in the 2nd quarter valued at approximately $25,000. Aptus Capital Advisors LLC acquired a new position in Fold during the 3rd quarter worth $39,000. SevenBridge Financial Group LLC bought a new position in shares of Fold in the third quarter worth $39,000. Harvest Portfolios Group Inc. bought a new position in shares of Fold in the second quarter worth $43,000. Finally, Barclays PLC acquired a new position in shares of Fold during the fourth quarter valued at $26,000. 56.89% of the stock is 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.