Fold (NASDAQ:FLD) Director Purchases $64,050.00 in Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Jonathan Kirkwood bought 105,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average cost of $0.61 per share, for a total transaction of $64,050.00. Following the completion of the acquisition, the director owned 457,295 shares in the company, valued at $278,949.95. This trade represents a 29.80% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Fold Stock Up 10.0%

Fold stock opened at $0.62 on Thursday. The stock has a market cap of $31.28 million, a P/E ratio of -0.58 and a beta of 0.26. Fold Holdings, Inc. has a twelve month low of $0.56 and a twelve month high of $4.73. The company’s 50-day moving average price is $1.15 and its two-hundred day moving average price is $1.71.

Fold (NASDAQ:FLD) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.43). The company had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. Equities analysts anticipate that Fold Holdings, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLD has been the topic of several research analyst reports. Cantor Fitzgerald lowered their price target on shares of Fold from $2.00 to $1.70 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. HC Wainwright lowered their price target on shares of Fold from $7.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Northland Securities set a $3.50 price target on shares of Fold in a report on Wednesday, May 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Fold in a report on Monday. Finally, Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a report on Saturday, April 18th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.73.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Aptus Capital Advisors LLC bought a new position in Fold in the third quarter valued at approximately $39,000. SevenBridge Financial Group LLC bought a new position in Fold in the third quarter valued at approximately $39,000. Barclays PLC bought a new position in Fold in the fourth quarter valued at approximately $26,000. Vontobel Holding Ltd. increased its stake in Fold by 12.6% in the fourth quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock valued at $235,000 after acquiring an additional 10,118 shares during the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Fold in the fourth quarter valued at approximately $28,000. 56.89% of the stock is owned by 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.