Fold (NASDAQ:FLD) Price Target Lowered to $0.70 at Cantor Fitzgerald

Fold (NASDAQ:FLD) had its price target lowered by analysts at Cantor Fitzgerald from $1.70 to $0.70 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would indicate a potential upside of 47.90% from the company’s previous close.

Several other equities research analysts have also recently weighed in on FLD. Weiss Ratings restated a “sell (e+)” rating on shares of Fold in a research note on Monday, June 15th. Wall Street Zen raised shares of Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. Finally, Northland Securities set a $3.50 price target on shares of Fold in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $2.40.

Fold Trading Up 2.0%

FLD opened at $0.47 on Friday. Fold has a 1-year low of $0.36 and a 1-year high of $4.70. The company has a market capitalization of $24.04 million, a PE ratio of -0.31 and a beta of 0.36. The firm’s 50 day simple moving average is $0.50 and its two-hundred day simple moving average is $1.08.

Fold (NASDAQ:FLD) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.04). Fold had a negative net margin of 258.60% and a negative return on equity of 101.16%. The business had revenue of $6.09 million during the quarter, compared to the consensus estimate of $7.67 million. Equities analysts forecast that Fold will post -0.68 earnings per share for the current fiscal year.

Insider Transactions at Fold

In related news, Director Jonathan Kirkwood bought 105,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was bought at an average price of $0.61 per share, for a total transaction of $64,050.00. Following the purchase, the director owned 457,295 shares in the company, valued at $278,949.95. This represents a 29.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders bought 123,500 shares of company stock worth $84,890 and sold 87,490 shares worth $87,964. Insiders own 23.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Fold during the fourth quarter worth about $26,000. Goldman Sachs Group Inc. bought a new stake in shares of Fold in the 4th quarter worth approximately $28,000. Abel Hall LLC purchased a new position in shares of Fold during the first quarter valued at about $31,000. Aptus Capital Advisors LLC bought a new position in Fold in the third quarter worth $39,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Fold in the 4th quarter worth approximately $41,000. Institutional investors own 56.89% of the company’s stock.

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.