Brokerages Set Fold Holdings, Inc. (NASDAQ:FLD) Price Target at $7.83

Shares of Fold Holdings, Inc. (NASDAQ:FLD) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $7.8333.

FLD has been the topic of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a research note on Wednesday, October 8th. Wall Street Zen lowered Fold from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd.

Institutional Trading of Fold

A number of hedge funds and other institutional investors have recently made changes to their positions in FLD. FNY Investment Advisers LLC purchased a new stake in shares of Fold during the 2nd quarter valued at approximately $29,000. Golden State Wealth Management LLC acquired a new stake in Fold during the second quarter worth $25,000. North Capital Inc. acquired a new stake in Fold during the second quarter worth $30,000. Harvest Portfolios Group Inc. purchased a new stake in Fold in the second quarter valued at $43,000. Finally, Geode Capital Management LLC acquired a new position in shares of Fold in the 2nd quarter valued at $749,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

Fold Price Performance

NASDAQ:FLD opened at $3.25 on Friday. The stock has a 50 day moving average of $3.54 and a two-hundred day moving average of $3.96. Fold has a 12 month low of $2.51 and a 12 month high of $14.00. The firm has a market cap of $157.01 million, a P/E ratio of -4.33 and a beta of 0.16. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87.

Fold (NASDAQ:FLD) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.03). The firm had revenue of $7.40 million during the quarter, compared to analysts’ expectations of $9.20 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.