Key Points
- Insider buying: Fold director Bracebridge Young, Jr. purchased 20,000 shares at $0.55 each for $11,000, increasing his direct ownership by nearly 40% to 70,100 shares.
- Weak financial results: Fold’s latest quarter missed expectations, reporting a $0.19 per-share loss versus the projected $0.15 loss and revenue of $6.09 million versus $7.67 million expected. The company also posted a deeply negative net margin, with analysts forecasting another annual loss.
- Stock and analyst outlook: FLD opened at $0.54 and has traded between $0.36 and $4.70 over the past year; analysts’ consensus rating is “Hold,” with a $2.40 price target, despite mixed ratings ranging from “Overweight” to “Sell.”
Fold Holdings, Inc. (NASDAQ:FLD - Get Free Report) Director Bracebridge Young, Jr. purchased 20,000 shares of the stock in a transaction on Friday, September 11th. The shares were purchased at an average cost of $0.55 per share, for a total transaction of $11,000.00. Following the acquisition, the director directly owned 70,100 shares of the company's stock, valued at approximately $38,555. This represents a 39.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fold Price Performance
Shares of NASDAQ FLD opened at $0.54 on Friday. The stock has a market cap of $29.86 million, a PE ratio of -0.35 and a beta of 0.38. Fold Holdings, Inc. has a 1 year low of $0.36 and a 1 year high of $4.70. The firm has a fifty day moving average price of $0.48 and a 200-day moving average price of $0.90.
Fold (NASDAQ:FLD - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04). Fold had a negative return on equity of 116.17% and a negative net margin of 258.60%.The firm had revenue of $6.09 million during the quarter, compared to the consensus estimate of $7.67 million. On average, research analysts expect that Fold Holdings, Inc. will post -0.57 EPS for the current year.
Institutional Trading of Fold
Several hedge funds have recently bought and sold shares of the stock. Aptus Capital Advisors LLC bought a new position in shares of Fold during the 3rd quarter valued at about $39,000. Barclays PLC bought a new stake in shares of Fold in the fourth quarter worth about $26,000. Goldman Sachs Group Inc. purchased a new stake in shares of Fold in the fourth quarter worth about $28,000. Squarepoint Ops LLC bought a new position in Fold during the third quarter valued at approximately $46,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in Fold during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 56.89% of the company's stock.
Fold News Roundup
Here are the key news stories impacting Fold this week:
- Positive Sentiment: Reported short interest was listed at zero shares as of September 10, with a short-interest ratio of 0.0 days. This indicates no measurable short-position pressure in the data provided, although the report itself does not explain the stock’s movement.
- Neutral Sentiment: News about Apple’s first foldable iPhone and comparisons with Samsung’s Galaxy Z Fold 8 generated substantial attention for the broader “fold” theme, but Fold Holdings is a financial technology company—not a smartphone manufacturer. Apple unveils its first folding iPhone
- Neutral Sentiment: The company has not been reported as announcing new contracts, financing, product developments, or other operating updates in the submitted articles. Trading may therefore reflect low liquidity or technical activity rather than a fundamental revaluation.
- Negative Sentiment: Fold Holdings’ latest reported quarter remains a fundamental concern: revenue of $6.09 million missed the $7.67 million consensus estimate, while its loss of $0.19 per share was wider than the expected $0.15 loss. The company also reported a deeply negative net margin, and analysts expect another full-year loss.
- Negative Sentiment: Apple’s entry into foldable devices could attract investor attention away from smaller companies using the “Fold” name, increasing the risk of ticker or theme confusion without providing any direct benefit to Fold Holdings. Apple was 7 years late to the folding phone game
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Cantor Fitzgerald reiterated an "overweight" rating on shares of Fold in a research report on Tuesday. Weiss Ratings restated a "sell (e+)" rating on shares of Fold in a research note on Monday, June 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Fold presently has a consensus rating of "Hold" and a consensus price target of $2.40.
Read Our Latest Stock Analysis on Fold
Fold Company Profile
(
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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