Fold (NASDAQ:FLD) Trading Up 0.3% – What’s Next?

Fold Holdings, Inc. (NASDAQ:FLD)’s share price shot up 0.3% during trading on Monday . The company traded as high as $3.36 and last traded at $3.30. 137,683 shares traded hands during trading, a decline of 63% from the average session volume of 367,191 shares. The stock had previously closed at $3.29.

Analyst Ratings Changes

A number of brokerages have commented on FLD. Wall Street Zen upgraded shares of Fold from a “sell” rating to a “hold” rating in a research report on Sunday, August 24th. Northland Capmk upgraded shares of Fold to a “strong-buy” rating in a research report on Tuesday, May 27th. Cantor Fitzgerald began coverage on shares of Fold in a research report on Monday, July 28th. They set an “overweight” rating and a $6.50 price objective for the company. Finally, Northland Securities began coverage on shares of Fold in a research report on Tuesday, May 27th. They set an “outperform” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $7.83.

Fold Stock Up 0.3%

The stock’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.56. The company has a quick ratio of 1.58, a current ratio of 1.60 and a debt-to-equity ratio of 0.90.

Fold (NASDAQ:FLD) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The firm had revenue of $8.18 million for the quarter, compared to analyst estimates of $8.07 million.

Hedge Funds Weigh In On Fold

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new stake in Fold in the 2nd quarter valued at about $749,000. Baird Financial Group Inc. acquired a new stake in Fold in the 2nd quarter valued at about $445,000. Osaic Holdings Inc. acquired a new stake in Fold in the 2nd quarter valued at about $121,000. DLD Asset Management LP acquired a new stake in Fold in the 2nd quarter valued at about $102,000. Finally, Van Hulzen Asset Management LLC acquired a new stake in Fold in the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 56.89% of the company’s stock.

About Fold

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.