Forge Global (FRGE) to Release Quarterly Earnings on Tuesday

Forge Global (NYSE:FRGE - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Forge Global (NYSE:FRGE - Get Free Report) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). Forge Global had a negative return on equity of 29.03% and a negative net margin of 129.22%. The firm had revenue of $19.06 million during the quarter, compared to the consensus estimate of $20.01 million. On average, analysts expect Forge Global to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Forge Global Stock Performance

Forge Global stock traded down $0.07 during midday trading on Tuesday, hitting $1.83. 455,317 shares of the company's stock were exchanged, compared to its average volume of 749,441. The company has a market cap of $330.15 million, a P/E ratio of -3.60 and a beta of 2.57. The stock has a 50-day moving average price of $1.98 and a two-hundred day moving average price of $2.43. Forge Global has a 52-week low of $1.10 and a 52-week high of $4.02.

Wall Street Analyst Weigh In

FRGE has been the topic of several research analyst reports. JMP Securities restated a "market outperform" rating and issued a $7.00 price objective on shares of Forge Global in a research report on Tuesday, April 9th. Oppenheimer reissued an "outperform" rating and issued a $3.50 price target on shares of Forge Global in a report on Wednesday, March 27th.

Insiders Place Their Bets

In related news, CEO Kelly Rodriques sold 22,434 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $2.00, for a total transaction of $44,868.00. Following the transaction, the chief executive officer now directly owns 10,953,176 shares of the company's stock, valued at approximately $21,906,352. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 95,621 shares of company stock valued at $181,654 over the last 90 days. Insiders own 11.26% of the company's stock.

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.