Forge Global (FRGE) to Release Quarterly Earnings on Wednesday

Forge Global (NYSE:FRGE - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $21.50 million for the quarter.

Forge Global Stock Down 3.7 %

Forge Global stock traded down $0.52 during mid-day trading on Friday, hitting $13.64. 168,710 shares of the company were exchanged, compared to its average volume of 50,551. Forge Global has a 1-year low of $6.60 and a 1-year high of $31.65. The business has a fifty day moving average of $10.55 and a 200 day moving average of $13.07. The company has a market capitalization of $171.17 million, a PE ratio of -31.72 and a beta of 2.39.

Forge Global declared that its board has approved a share buyback plan on Wednesday, March 5th that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Insider Activity at Forge Global

In other news, CRO Jennifer Phillips sold 16,150 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $15.11, for a total value of $244,026.50. Following the transaction, the executive now owns 22,226 shares of the company's stock, valued at approximately $335,834.86. This trade represents a 42.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 7.22% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FRGE. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Forge Global in a research note on Tuesday, January 7th. JMP Securities cut their price objective on Forge Global from $75.00 to $60.00 and set a "market outperform" rating for the company in a research report on Tuesday, April 8th.

Forge Global Company Profile

Forge Global Holdings, Inc operates a financial services platform in California. The company's platform solutions include trading solutions, a platform that connects investors with private company stockholders and enables them to facilitate private share transactions; and custody solutions, a non-depository trust company that enables clients to securely custody and manage assets through an online portal.