Key Points
- Fold CEO William Brian Poppic Reeves sold 8,698 shares on May 22 at an average price of $1.15, totaling about $10,003. The company said the sale was made to cover tax withholding obligations tied to vested equity awards.
- FLD shares were under pressure, opening at $1.03 and trading near their 12-month low of $1.00. The stock is well below its 50-day moving average of $1.32 and 200-day average of $1.98.
- Fold missed quarterly earnings expectations, reporting a loss of $0.59 per share versus the expected $0.16 loss and revenue of $5.59 million versus the $10 million estimate. Analysts currently rate the stock a consensus Hold with an average target price of $2.73.
Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) CEO William Brian Poppic Reeves sold 8,698 shares of Fold stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1.15, for a total transaction of $10,002.70. Following the completion of the transaction, the chief executive officer owned 5,492,368 shares of the company's stock, valued at $6,316,223.20. The trade was a 0.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
William Brian Poppic Reeves also recently made the following trade(s):
- On Thursday, May 21st, William Brian Poppic Reeves sold 7,713 shares of Fold stock. The stock was sold at an average price of $1.22, for a total transaction of $9,409.86.
- On Tuesday, May 19th, William Brian Poppic Reeves sold 10,681 shares of Fold stock. The stock was sold at an average price of $1.22, for a total transaction of $13,030.82.
- On Monday, May 18th, William Brian Poppic Reeves sold 9,681 shares of Fold stock. The stock was sold at an average price of $1.24, for a total transaction of $12,004.44.
- On Monday, May 4th, William Brian Poppic Reeves sold 5,537 shares of Fold stock. The stock was sold at an average price of $1.42, for a total transaction of $7,862.54.
- On Thursday, April 2nd, William Brian Poppic Reeves sold 5,710 shares of Fold stock. The shares were sold at an average price of $1.22, for a total transaction of $6,966.20.
- On Monday, March 2nd, William Brian Poppic Reeves sold 5,496 shares of Fold stock. The shares were sold at an average price of $1.42, for a total transaction of $7,804.32.
Fold Trading Down 7.7%
FLD stock opened at $1.03 on Wednesday. The firm has a 50 day moving average of $1.32 and a 200-day moving average of $1.98. Fold Holdings, Inc. has a 12 month low of $1.00 and a 12 month high of $5.54. The firm has a market capitalization of $52.05 million, a P/E ratio of -0.96 and a beta of 0.39.
Fold (NASDAQ:FLD - Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.59) EPS 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 firm had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. Sell-side analysts predict that Fold Holdings, Inc. will post -0.64 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on FLD shares. Cantor Fitzgerald cut their price objective on shares of Fold from $2.00 to $1.70 and set an "overweight" rating for the company in a research report on Wednesday, May 13th. Northland Securities set a $3.50 target price on shares of Fold in a research report on Wednesday, May 13th. HC Wainwright dropped their target price on shares of Fold from $7.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, March 18th. Finally, Wall Street Zen upgraded shares of Fold from a "strong sell" rating to a "sell" rating in a research report on Saturday, April 18th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.73.
View Our Latest Stock Analysis on Fold
Institutional Investors Weigh In On Fold
Hedge funds have recently bought and sold shares of the stock. Barclays PLC bought a new stake in Fold during the fourth quarter valued at approximately $26,000. Goldman Sachs Group Inc. bought a new stake in Fold during the fourth quarter valued at approximately $28,000. Abel Hall LLC bought a new stake in Fold during the first quarter valued at approximately $31,000. SevenBridge Financial Group LLC bought a new stake in shares of Fold in the 3rd quarter worth approximately $39,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Fold in the 3rd quarter worth approximately $39,000. 56.89% of the stock is currently owned by institutional investors.
About Fold
(
Get Free Report)
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.
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