Wall Street Zen Downgrades Fold (NASDAQ:FLD) to Sell

Fold (NASDAQ:FLD) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on FLD. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a report on Thursday, January 22nd. HC Wainwright restated a “buy” rating and issued a $7.00 price objective on shares of Fold in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fold presently has an average rating of “Moderate Buy” and an average price target of $7.83.

Fold Trading Down 0.7%

Shares of FLD opened at $1.35 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.47 and a quick ratio of 1.44. Fold has a 1-year low of $1.31 and a 1-year high of $8.53. The stock has a market cap of $65.22 million, a price-to-earnings ratio of -1.80 and a beta of 0.23. The firm has a 50 day simple moving average of $1.95 and a 200-day simple moving average of $2.90.

Insider Activity at Fold

In other news, CFO Wolfe Repass sold 21,857 shares of Fold stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $1.48, for a total value of $32,348.36. Following the transaction, the chief financial officer directly owned 150,377 shares of the company’s stock, valued at $222,557.96. The trade was a 12.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 97,120 shares of company stock valued at $143,439. Company insiders own 66.80% of the company’s stock.

Hedge Funds Weigh In On Fold

A number of hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC purchased a new position in Fold in the second quarter valued at about $25,000. Aptus Capital Advisors LLC acquired a new stake in shares of Fold during the third quarter valued at about $39,000. SevenBridge Financial Group LLC purchased a new stake in shares of Fold during the third quarter worth about $39,000. Harvest Portfolios Group Inc. acquired a new position in shares of Fold in the second quarter worth about $43,000. Finally, Barclays PLC purchased a new position in Fold in the fourth quarter valued at about $26,000. Hedge funds and other 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.