Cantor Fitzgerald Issues Pessimistic Forecast for Fold (NASDAQ:FLD) Stock Price

Key Points

• Cantor Fitzgerald cut its price target for Fold from $4.50 to $2.00 while maintaining an "overweight" rating, with that target implying roughly a 78.6% upside from the recent close.
• Analysts are mixed: the consensus on MarketBeat is a "Moderate Buy" with an average target of $6.33, but individual notes range from a sell to a $7 buy recommendation.
• Insiders have been selling (CFO Wolfe Repass sold 21,857 shares and insiders sold 97,120 shares in the last three months) even though insiders still own 66.8%; the stock is small-cap (~$54.1M) and trading near its 12-month low of $1.12.

Fold (NASDAQ:FLD - Get Free Report) had its target price lowered by stock analysts at Cantor Fitzgerald from $4.50 to $2.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Cantor Fitzgerald's price target suggests a potential upside of 78.57% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Fold from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. HC Wainwright restated a "buy" rating and set a $7.00 price objective on shares of Fold in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Fold in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.33.

Fold Stock Performance

FLD opened at $1.12 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.87. The business's 50 day moving average is $1.76 and its 200-day moving average is $2.77. The stock has a market cap of $54.11 million, a PE ratio of -1.49 and a beta of 0.23. Fold has a twelve month low of $1.12 and a twelve month high of $8.50.

Insiders Place Their Bets

In other Fold news, CFO Wolfe Repass sold 21,857 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $1.48, for a total value of $32,348.36. Following the completion of the sale, the chief financial officer directly owned 150,377 shares in the company, valued at $222,557.96. This represents a 12.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 97,120 shares of company stock valued at $143,439 in the last three months. Corporate insiders own 66.80% of the company's stock.

Institutional Trading of Fold

A number of hedge funds and other institutional investors have recently modified their holdings of FLD. Mariner LLC raised its stake in shares of Fold by 60.9% in the 4th quarter. Mariner LLC now owns 63,518 shares of the company's stock worth $166,000 after buying an additional 24,038 shares in the last quarter. Barclays PLC acquired a new position in Fold during the fourth quarter worth about $26,000. Charles Schwab Investment Management Inc. acquired a new position in Fold during the fourth quarter worth about $41,000. State Street Corp raised its position in Fold by 110.8% in the fourth quarter. State Street Corp now owns 78,200 shares of the company's stock worth $204,000 after acquiring an additional 41,100 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in Fold by 12.6% in the 4th quarter. Vontobel Holding Ltd. now owns 90,223 shares of the company's stock valued at $235,000 after acquiring an additional 10,118 shares during the last quarter. Institutional investors own 56.89% of the company's stock.

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.

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