Fold Holdings, Inc. (NASDAQ:FLD) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Fold Holdings, Inc. (NASDAQ:FLD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.8333.

FLD has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Fold from a “sell” rating to a “hold” rating in a research report on Sunday, November 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Wednesday, October 8th.

Get Our Latest Report on FLD

Fold Stock Performance

Shares of FLD stock opened at $3.01 on Wednesday. The firm has a market capitalization of $145.41 million, a price-to-earnings ratio of -4.01 and a beta of 0.17. The stock has a fifty day moving average of $3.36 and a 200 day moving average of $3.84. Fold has a 52 week low of $2.51 and a 52 week high of $14.00. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.87.

Fold (NASDAQ:FLD – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $7.40 million for the quarter, compared to analyst estimates of $9.20 million.

Hedge Funds Weigh In On Fold

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Fold by 650.5% during the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after buying an additional 1,538,920 shares during the period. Geode Capital Management LLC bought a new position in shares of Fold in the 2nd quarter worth about $749,000. Baird Financial Group Inc. purchased a new position in Fold during the 2nd quarter valued at about $445,000. Union Square Park Capital Management LLC boosted its stake in Fold by 50.7% during the third quarter. Union Square Park Capital Management LLC now owns 89,130 shares of the company’s stock worth $344,000 after acquiring an additional 29,974 shares in the last quarter. Finally, Vontobel Holding Ltd. bought a new stake in Fold during the third quarter worth about $309,000. Institutional investors own 56.89% of the company’s stock.

About Fold

(Get Free Report)

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.

Featured Articles