Fold Holdings, Inc. (NASDAQ:FLD) Receives $7.83 Consensus PT from Analysts

Shares of Fold Holdings, Inc. (NASDAQ:FLD) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.8333.

FLD has been the topic of several recent analyst reports. Wall Street Zen cut shares of Fold from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Cantor Fitzgerald initiated coverage on shares of Fold in a research report on Monday, July 28th. They set an “overweight” rating and a $6.50 target price on the stock. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a research report on Saturday, September 27th.

Institutional Investors Weigh In On Fold

Large investors have recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in shares of Fold during the 2nd quarter worth approximately $25,000. FNY Investment Advisers LLC purchased a new stake in shares of Fold during the 2nd quarter worth approximately $29,000. North Capital Inc. purchased a new stake in shares of Fold during the 2nd quarter worth approximately $30,000. Harvest Portfolios Group Inc. purchased a new stake in shares of Fold during the 2nd quarter worth approximately $43,000. Finally, Van Hulzen Asset Management LLC purchased a new stake in shares of Fold during the 2nd quarter worth approximately $43,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

Fold Trading Up 4.3%

FLD stock opened at $4.12 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.58 and a debt-to-equity ratio of 0.90. Fold has a 52-week low of $2.51 and a 52-week high of $14.00. The business has a 50-day simple moving average of $3.76 and a two-hundred day simple moving average of $4.27.

Fold (NASDAQ:FLD) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The business had revenue of $8.18 million during the quarter, compared to analyst estimates of $8.07 million.

Fold Company Profile

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.