Forum Markets (NASDAQ:FRMM) Releases Quarterly Earnings Results

Key Points

• Forum Markets reported quarterly EPS of ($0.73), missing the consensus estimate of ($0.21) by $0.52.
• Shares rose 0.8% to $6.24, while the company maintained strong liquidity with a 6.19 current and quick ratio and low debt-to-equity ratio of 0.15.
• Major shareholder Konstantin Lomashuk sold 250,000 shares for $1.5 million; analysts collectively give the stock a “Moderate Buy” rating with an average price target of $10.00.

Forum Markets (NASDAQ:FRMM - Get Free Report) posted its earnings results on Thursday. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.52), Zacks reports.

Forum Markets Stock Up 0.8%

FRMM traded up $0.05 during trading hours on Thursday, hitting $6.24. The stock had a trading volume of 187,872 shares, compared to its average volume of 761,650. The firm's fifty day simple moving average is $5.65. Forum Markets has a 1 year low of $1.76 and a 1 year high of $81.00. The stock has a market capitalization of $83.55 million, a PE ratio of -0.17 and a beta of 1.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.19 and a current ratio of 6.19.

Insider Buying and Selling

In other Forum Markets news, major shareholder Konstantin Lomashuk sold 250,000 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 1,226,638 shares of the company's stock, valued at $7,359,828. This represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 258,189 shares of company stock worth $1,551,303 over the last quarter. 25.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FRMM. Zacks Research raised Forum Markets to a "hold" rating in a research report on Friday, May 29th. Clear Str upgraded shares of Forum Markets to a "strong-buy" rating in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Forum Markets from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 21st. Loop Capital set a $11.00 price objective on shares of Forum Markets in a research report on Monday, May 11th. Finally, Wall Street Zen cut shares of Forum Markets from a "hold" rating to a "sell" rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.00.

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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