Fold’s (FLD) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Fold (NASDAQ:FLD) in a report released on Monday,Benzinga reports. HC Wainwright currently has a $7.00 target price on the stock.

FLD has been the subject of several other research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. Wall Street Zen raised Fold from a “sell” rating to a “hold” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.83.

Fold Stock Performance

Fold stock opened at $1.50 on Monday. The stock has a market cap of $72.47 million, a P/E ratio of -2.00 and a beta of 0.18. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $2.43 and a 200-day moving average of $3.21. Fold has a 52 week low of $1.44 and a 52 week high of $14.00.

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 company had revenue of $7.40 million for the quarter, compared to analyst estimates of $9.20 million.

Hedge Funds Weigh In On Fold

A number of large investors have recently bought and sold shares of the business. DLD Asset Management LP acquired a new stake in shares of Fold during the 2nd quarter worth approximately $102,000. FNY Investment Advisers LLC bought a new position in Fold during the 2nd quarter worth $29,000. Golden State Wealth Management LLC bought a new position in Fold during the 2nd quarter worth $25,000. Harvest Portfolios Group Inc. acquired a new stake in Fold in the second quarter worth $43,000. Finally, North Capital Inc. bought a new stake in Fold in the second quarter valued at $30,000. Institutional investors 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.