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

Fold Holdings, Inc. (NASDAQ:FLD) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.8333.

FLD has been the subject of a number of analyst reports. Wall Street Zen cut shares of Fold from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Fold in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Fold

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Fold by 650.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after purchasing an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Fold during the 2nd quarter worth approximately $749,000. Baird Financial Group Inc. acquired a new position in shares of Fold in the second quarter valued at approximately $445,000. Union Square Park Capital Management LLC increased its position in shares of 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 shares of Fold during the third quarter worth $309,000. 56.89% of the stock is currently owned by institutional investors.

Fold Price Performance

Shares of FLD stock opened at $3.19 on Friday. Fold has a 52-week low of $2.51 and a 52-week high of $14.00. The firm’s 50 day moving average price is $3.57 and its two-hundred day moving average price is $3.97. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a market cap of $154.11 million, a PE ratio of -4.25 and a beta of 0.16.

Fold (NASDAQ:FLD) last posted its earnings results on Monday, November 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.03). The firm had revenue of $7.40 million during the quarter, compared to the consensus estimate of $9.20 million.

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.