Cantor Fitzgerald Lowers Fold (NASDAQ:FLD) Price Target to $2.00

Fold (NASDAQ:FLD) had its target price decreased by analysts at Cantor Fitzgerald from $4.50 to $2.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 78.57% from the company’s previous close.

A number of other equities research analysts have also issued reports on FLD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fold in a research report on Thursday, January 22nd. Wall Street Zen lowered Fold from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of Fold in a research note on Monday, February 9th. One investment 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. Based on data from MarketBeat, Fold presently has an average rating of “Moderate Buy” and an average price target of $6.33.

Fold Price Performance

NASDAQ FLD opened at $1.12 on Wednesday. Fold has a 1 year low of $1.12 and a 1 year high of $8.50. The business’s fifty day moving average is $1.76 and its two-hundred day moving average is $2.77. The stock has a market capitalization of $54.11 million, a P/E ratio of -1.49 and a beta of 0.23. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.44 and a current ratio of 1.47.

Insiders Place Their Bets

In other Fold news, CFO Wolfe Repass sold 21,857 shares of Fold stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $1.48, for a total transaction of $32,348.36. Following the transaction, the chief financial officer directly owned 150,377 shares in the company, valued at approximately $222,557.96. The trade was a 12.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 97,120 shares of company stock worth $143,439. Insiders own 66.80% of the company’s stock.

Institutional Trading of Fold

A number of hedge funds have recently modified their holdings of FLD. Vanguard Group Inc. grew its holdings in shares of Fold by 650.5% during the third quarter. Vanguard Group Inc. now owns 1,775,506 shares of the company’s stock valued at $6,853,000 after buying an additional 1,538,920 shares in the last quarter. Geode Capital Management LLC purchased a new stake in Fold in the 2nd quarter worth about $749,000. Baird Financial Group Inc. purchased a new stake in Fold in the 2nd quarter worth about $445,000. Vontobel Holding Ltd. acquired a new stake in Fold during the 3rd quarter worth about $309,000. Finally, Cypress Point Wealth Management LLC acquired a new stake in Fold during the 3rd quarter worth about $210,000. Hedge funds and other 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.