Forum Markets (NASDAQ:FRMM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen downgraded Forum Markets from “strong sell” to “sell,” despite mixed analyst views; MarketBeat reports a “Moderate Buy” consensus rating and a $10.00 average price target.
• Forum Markets reported a significant quarterly earnings miss, posting ($0.73) EPS versus the expected ($0.21) and revenue of $1.37 million versus the $3.30 million consensus estimate.
• Shares opened at $5.86, while major shareholder Konstantin Lomashuk sold 250,000 shares for $1.5 million; insiders have sold $1.55 million worth of stock over the past quarter.

Forum Markets (NASDAQ:FRMM - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Sunday.

A number of other equities research analysts have also weighed in on the stock. Zacks Research upgraded shares of Forum Markets to a "hold" rating in a research note on Friday, May 29th. Benchmark lifted their price objective on Forum Markets from $5.00 to $9.00 and gave the stock a "speculative buy" rating in a report on Friday, May 15th. Clear Str upgraded Forum Markets to a "strong-buy" rating in a research report on Monday, May 11th. Weiss Ratings raised Forum Markets from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Finally, Loop Capital set a $11.00 target price on Forum Markets in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.00.

Forum Markets Stock Up 3.5%

Shares of FRMM stock opened at $5.86 on Friday. The business's 50 day moving average is $5.80. The stock has a market cap of $77.35 million, a price-to-earnings ratio of -0.17 and a beta of 1.38. Forum Markets has a 12-month low of $1.76 and a 12-month high of $29.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.69 and a current ratio of 2.69.

Forum Markets (NASDAQ:FRMM - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.52). Forum Markets had a negative net margin of 4,971.75% and a negative return on equity of 216.23%. The firm had revenue of $1.37 million for the quarter, compared to the consensus estimate of $3.30 million. As a group, equities analysts expect that Forum Markets will post -5.38 EPS for the current year.

Insider Buying and Selling

In other Forum Markets news, major shareholder Konstantin Lomashuk sold 250,000 shares of Forum Markets stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $6.00, for a total transaction of $1,500,000.00. Following the transaction, the insider owned 1,226,638 shares of the company's stock, valued at $7,359,828. The trade was a 16.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 258,189 shares of company stock worth $1,551,303. 25.20% of the stock is currently owned by company insiders.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.

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