Forge Global (FRGE) Stock Price, News & Analysis

Company Overview

Forge Global, Inc. is a technology-driven marketplace for private company securities, offering liquidity solutions that connect shareholders, institutional investors and private companies. The firm’s platform enables the buying and selling of shares in late-stage ventures and unicorns, facilitating secondary transactions in private equity. By streamlining access to private market investments, Forge Global addresses the longstanding challenge of limited liquidity for shareholders in high-growth, pre-IPO companies.

The company’s suite of services includes a secure trading venue for accredited investors, as well as capital-raising and liquidity programs tailored for issuers. Through its secondary trading platform, Forge Global matches buyers and sellers of private company shares while managing regulatory and logistical complexities. Additionally, its fund solutions group provides institutional investors with bespoke vehicles to gain diversified exposure to private assets, and its reporting services help issuers maintain cap table accuracy and streamline valuation processes.

Originally founded in 2014 under the name Equidate in San Francisco, Forge Global rebranded in 2021 to reflect its expanded global footprint and broadening product set. Since its inception, the company has grown to serve thousands of investors and hundreds of private issuers across North America, Europe and Asia-Pacific. Partnerships with leading venture capital firms, family offices and corporate issuers have cemented Forge’s reputation as a trusted intermediary in the private capital ecosystem.

Leadership at Forge Global combines expertise in technology, capital markets and private equity. Jason Simpkins, CEO and co-founder, oversees the company’s strategic direction and product innovation efforts. The firm’s executive team includes leaders with backgrounds at top financial institutions, fintech firms and venture capital funds, collectively guiding Forge Global’s mission to democratize access to private market liquidity while ensuring compliance, transparency and efficient execution.

Key Stats

• Today's Range: $16.69 to $17.00
• 50-Day Range: $11.95 to $19.05
• 52-Week Range: $6.60 to $24.45
• Volume: 40,455 shs
• Average Volume: 65,730 shs
• Market Capitalization: $206.74 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $38.25
• Consensus Rating: Moderate Buy

Forge Global Stock Analysis - MarketRank™

Forge Global scored higher than 47% of companies evaluated by MarketBeat, and ranked 685th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Forge Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Forge Global has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Forge Global are expected to grow in the coming year, from ($0.37) to ($0.25) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forge Global is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forge Global is -3.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Forge Global has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.29% of the float of Forge Global has been sold short.

Short Interest Ratio / Days to Cover

Forge Global has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forge Global has recently increased by 7.24%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Forge Global does not currently pay a dividend.

Dividend Growth

Forge Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.29% of the float of Forge Global has been sold short.

Short Interest Ratio / Days to Cover

Forge Global has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Forge Global has recently increased by 7.24%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

Search Interest

1 people have searched for FRGE on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Forge Global insiders have sold 476.57% more of their company's stock than they have bought. Specifically, they have bought $48,866.00 in company stock and sold $281,747.00 in company stock.

Percentage Held by Insiders

Only 4.50% of the stock of Forge Global is held by insiders.

Percentage Held by Institutions

40.67% of the stock of Forge Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FRGE Stock Analysis - Frequently Asked Questions

How have FRGE shares performed this year?

Forge Global's stock was trading at $13.95 at the start of the year. Since then, FRGE shares have increased by 20.2% and is now trading at $16.77.

How were Forge Global's earnings last quarter?

Forge Global Holdings, Inc. (NYSE:FRGE) released its quarterly earnings results on Wednesday, May, 7th. The company reported ($1.29) EPS for the quarter, beating the consensus estimate of ($1.34) by $0.05. The company had revenue of $25.30 million for the quarter, compared to the consensus estimate of $21.50 million. Forge Global had a negative net margin of 74.82% and a negative trailing twelve-month return on equity of 27.44%.
Read the conference call transcript.

When did Forge Global's stock split?

Forge Global shares reverse split on the morning of Tuesday, April 15th 2025.The 1-15 reverse split was announced on Monday, March 31st 2025. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 14th 2025. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

Is Forge Global buying back stock?

Forge Global's Board of Directors authorized a stock repurchase plan on Wednesday, March 5th 2025, which permits the company to buy back $10,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 6.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Who are Forge Global's major shareholders?

Top institutional shareholders of Forge Global include Brendel Financial Advisors LLC (0.09%). Insiders that own company stock include Kelly Rodriques, Drew Sievers, Jennifer Phillips, James Nevin, Kimberley H Vogel and Christoph Hansmeyer.
View institutional ownership trends.

How do I buy shares of Forge Global?

Shares of FRGE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Forge Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Forge Global investors own include NVIDIA (NVDA), Meta Platforms (META), Home Depot (HD), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX) and Palo Alto Networks (PANW).

Company Calendar

• Last Earnings: 5/07/2025
• Today: 7/13/2025
• Next Earnings (Estimated): 8/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Trading
• Current Symbol: NYSE:FRGE
• CIK: 1827821
• Web: forgeglobal.com
• Phone: 415-881-1612
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Forge Global: $38.25
• High Price Target: $60.00
• Low Price Target: $18.00
• Potential Upside/Downside: +128.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): ($5.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$66.33 million
• Net Margins: -74.82%
• Pretax Margin: -74.00%
• Return on Equity: -27.44%
• Return on Assets: -23.76%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.01
• Quick Ratio: 5.01

Sales & Book Value

• Annual Sales: $79.33 million
• Price / Sales: 2.61
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $18.37 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 12,330,000
• Free Float: 11,773,000
• Market Cap: $206.77 million
• Optionable: Optionable
• Beta: 2.29