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

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

Fold Stock Performance

FLD stock opened at $1.00 on Friday. Fold Holdings, Inc. has a 1 year low of $0.93 and a 1 year high of $5.30. The firm has a market cap of $50.59 million, a P/E ratio of -0.93 and a beta of 0.39. The stock has a 50-day simple moving average of $1.31 and a 200-day simple moving average of $1.95.

Fold (NASDAQ:FLD) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.59) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.59 million for the quarter, compared to analyst estimates of $10.00 million. On average, equities research analysts predict that Fold Holdings, Inc. will post -0.64 EPS for the current year.

Analysts Set New Price Targets

FLD has been the subject of a number of recent analyst reports. Northland Securities set a $3.50 price objective on Fold in a research note on Wednesday, May 13th. Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 18th. Cantor Fitzgerald cut their target price 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. Finally, HC Wainwright cut their target price 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 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, Fold has a consensus rating of “Hold” and a consensus target price of $2.73.

Key Headlines Impacting Fold

Here are the key news stories impacting Fold this week:

• Positive Sentiment: Fold said it is rolling out a new Bitcoin rewards credit card, which could support user growth and increase engagement inside its app if adoption picks up. CORRECTION: Fold Rolls Out New Bitcoin Rewards Credit Card
• Positive Sentiment: The company also announced a $150 million credit facility to help scale its Bitcoin rewards card program, which would provide growth capital if the financing remains intact. Fold Secures $150 million Credit Facility to Scale Bitcoin Rewards Credit Card Program
• Neutral Sentiment: A director bought 10,000 shares at about $1.03, a sign of insider confidence, though the dollar amount was relatively small.
• Neutral Sentiment: The CEO also sold shares on two recent trading days, but the company said those sales were to cover tax withholding tied to equity vesting, which makes them less concerning than a discretionary sale.
• Negative Sentiment: Fold later retracted its credit facility announcement, leaving financing unclear and raising questions about whether the growth capital it highlighted is fully secured. Fold Holdings Retracts Credit Facility Announcement, Financing Uncertain

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new position in shares of Fold in the 3rd quarter worth approximately $39,000. SevenBridge Financial Group LLC acquired a new position in shares of Fold in the 3rd quarter worth approximately $39,000. Barclays PLC acquired a new position in shares of Fold in the 4th quarter worth approximately $26,000. Vontobel Holding Ltd. grew its position in shares of Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company’s stock worth $235,000 after acquiring an additional 10,118 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Fold in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 56.89% of the company’s stock.

About Fold

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.