Bracebridge Young, Jr. Acquires 10,000 Shares of Fold (NASDAQ:FLD) Stock

Fold Holdings, Inc. (NASDAQ:FLD) Director Bracebridge Young, Jr. acquired 10,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of $1.03 per share, with a total value of $10,300.00. Following the purchase, the director directly owned 50,100 shares in the company, valued at approximately $51,603. This represents a 24.94% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Fold Price Performance

Fold stock traded down $0.01 during midday trading on Thursday, hitting $1.00. The company’s stock had a trading volume of 139,906 shares, compared to its average volume of 135,532. Fold Holdings, Inc. has a 1-year low of $0.93 and a 1-year high of $5.30. The company has a 50-day moving average price of $1.31 and a two-hundred day moving average price of $1.95. The company has a market cap of $50.59 million, a price-to-earnings ratio of -0.93 and a beta of 0.39.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald decreased 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. Northland Securities set a $3.50 price objective on shares of Fold in a research note on Wednesday, May 13th. Finally, HC Wainwright decreased their price objective 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. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $2.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in shares of Fold during the 2nd quarter valued at approximately $749,000. Baird Financial Group Inc. bought a new stake in shares of Fold during the 2nd quarter valued at approximately $445,000. Osaic Holdings Inc. bought a new stake in shares of Fold during the 2nd quarter valued at approximately $121,000. Valeo Financial Advisors LLC bought a new stake in shares of Fold during the 3rd quarter valued at approximately $47,000. Finally, Vanguard Group Inc. grew its holdings 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 valued at $6,853,000 after purchasing an additional 1,538,920 shares during the last quarter. 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.