Fold (NASDAQ:FLD) Director Bracebridge Young, Jr. Acquires 8,500 Shares

Fold Holdings, Inc. (NASDAQ:FLD) Director Bracebridge Young, Jr. acquired 8,500 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price of $1.24 per share, for a total transaction of $10,540.00. Following the completion of the purchase, the director directly owned 40,100 shares in the company, valued at $49,724. This trade represents a 26.90% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Fold Stock Down 3.6%

NASDAQ FLD opened at $1.20 on Wednesday. The company has a market cap of $60.01 million, a PE ratio of -1.12 and a beta of 0.39. Fold Holdings, Inc. has a 52 week low of $1.00 and a 52 week high of $5.54. The firm’s 50-day simple moving average is $1.33 and its two-hundred day simple moving average is $2.06.

Fold (NASDAQ:FLD) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.43). The business had revenue of $5.59 million during the quarter, compared to the consensus estimate of $10.00 million. Fold had a negative net margin of 164.63% and a negative return on equity of 90.99%. As a group, equities research analysts anticipate that Fold Holdings, Inc. will post -0.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FLD. Barclays PLC purchased a new position in Fold during the fourth quarter worth about $26,000. Goldman Sachs Group Inc. purchased a new stake in shares of Fold in the 4th quarter valued at about $28,000. Abel Hall LLC purchased a new stake in shares of Fold in the 1st quarter valued at about $31,000. SevenBridge Financial Group LLC bought a new stake in shares of Fold during the 3rd quarter valued at about $39,000. Finally, Aptus Capital Advisors LLC purchased a new position in shares of Fold during the third quarter worth about $39,000. Institutional investors own 56.89% of the company’s stock.

Key Headlines Impacting Fold

Here are the key news stories impacting Fold this week:

• Neutral Sentiment: Multiple reports suggest Apple is moving closer to a foldable iPhone, with leaks and rumors pointing to major features and a possible launch timeline. That could expand the foldable market, but it also raises the risk of more competition for current players in the space. Apple Just Confirmed 6 Major Features for the iPhone Ultra Fold
• Neutral Sentiment: Samsung Galaxy Z Fold 8 leaks continue to highlight thinner designs, hinge changes, and other hardware updates, showing that foldables remain a fast-moving and competitive product category. Galaxy Z Fold 8, Wide Fold leak again, leaving little to imagination
• Neutral Sentiment: Some coverage points to possible tradeoffs in new foldable designs, including missing features such as telephoto cameras or S Pen support, which could affect consumer demand across the category but does not directly change Fold’s fundamentals. Samsung Removed a Key Camera From the Galaxy Z Fold 8
• Negative Sentiment: Fold disclosed that CTO Thomas J. Dickman sold shares, though the filing says the sale was tied to tax withholding on vested equity awards. Insider selling can still weigh on sentiment even when the reason is routine. SEC filing for insider sale
• Negative Sentiment: News that Apple’s foldable project may face hinge-related delays adds to uncertainty around the timing of broader foldable-phone adoption, which could keep near-term investor enthusiasm in check. Problematic hinge could delay the iPhone Fold

Analysts Set New Price Targets

A number of research firms have recently commented on FLD. Northland Securities set a $3.50 price target on Fold in a report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Fold in a research note on Thursday, January 22nd. Cantor Fitzgerald cut their target price on Fold from $2.00 to $1.70 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. HC Wainwright reduced their target price on Fold from $7.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Finally, Wall Street Zen upgraded Fold from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2.73.

About Fold

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.