NYSE:FRGE Forge Global (FRGE) Stock Forecast, Price & News $1.34 +0.05 (+3.88%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$1.28▼$1.3650-Day Range$1.14▼$1.7552-Week Range$1.10▼$21.24Volume266,000 shsAverage Volume293,080 shsMarket Capitalization$233.21 millionP/E RatioN/ADividend YieldN/APrice Target$3.23 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Forge Global MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside140.7% Upside$3.23 Price TargetShort InterestBearish1.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.03Based on 3 Articles This WeekInsider TradingSelling Shares$183,857 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.44) to ($0.31) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.99 out of 5 starsFinance Sector702nd out of 902 stocksSecurity & Commodity Brokers, Dealers, Exchanges & Services Industry8th out of 9 stocks 3.2 Analyst's Opinion Consensus RatingForge Global has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.23, Forge Global has a forecasted upside of 140.7% from its current price of $1.34.Amount of Analyst CoverageForge Global has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.78% of the float of Forge Global has been sold short.Short Interest Ratio / Days to CoverForge Global has a short interest ratio ("days to cover") of 7.1.Change versus previous monthShort interest in Forge Global has recently increased by 1.18%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldForge Global does not currently pay a dividend.Dividend GrowthForge Global does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for FRGE. Previous Next 2.2 News and Social Media Coverage News SentimentForge Global has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Forge Global this week, compared to 4 articles on an average week.Search Interest3 people have searched for FRGE on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows2 people have added Forge Global to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Forge Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $183,857.00 in company stock.Percentage Held by Insiders20.00% of the stock of Forge Global is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 13.68% of the stock of Forge Global is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Forge Global are expected to grow in the coming year, from ($0.44) to ($0.31) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Forge Global is -2.27, 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. SectorThe P/E ratio of Forge Global is -2.27, 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 RatioForge Global has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Forge Global (NYSE:FRGE) StockForge Global Holdings, Inc. provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.Read More Receive FRGE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forge Global and its competitors with MarketBeat's FREE daily newsletter. Email Address FRGE Stock News HeadlinesMay 28, 2023 | news.yahoo.comBiden, McCarthy Forge Debt Deal in Bid to Avert US DefaultMay 27, 2023 | finance.yahoo.comNewLink and Dubai Chambers Forge Strategic Partnership to Support Bilateral Innovation Exchange and CollaborationMay 29, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 25, 2023 | msn.comUS trade chief seeks new thinking on global challenges as APEC ministers meetMay 22, 2023 | msn.comForge Global Holdings: Mixed Prospects Going ForwardMay 22, 2023 | technews.tmcnet.comMedisolv Receives Strategic Investment from BVP ForgeMay 22, 2023 | msn.comGlobalgate Entertainment and Morbido Group Forge New Joint Venture, MorbidoGate (EXCLUSIVE)May 20, 2023 | americanbankingnews.comForge Global Holdings, Inc. (NYSE:FRGE) Receives Consensus Recommendation of "Hold" from AnalystsMay 29, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 19, 2023 | msn.comAnonymous Content, Spain’s Morena Films Forge Joint Venture (EXCLUSIVE)May 17, 2023 | marketwatch.comAluminum Forgings Market Size 2023: Global Analysis and Forecasting 2030May 16, 2023 | finance.yahoo.comForge Global to Attend the Upcoming JMP Securities Technology ConferenceMay 16, 2023 | finance.yahoo.comGlobal Research and Discovery Group Announces Multinational, Multifaceted BioForge InitiativeMay 12, 2023 | marketwatch.comAircraft Isothermal Forging Market Size, Share & Global Insights 2022-2028May 11, 2023 | msn.comJMP Securities Reiterates Forge Global Holdings Inc - (FRGE) Market Outperform RecommendationMay 11, 2023 | marketwatch.comAM Best Revises Outlooks to Positive for Forge Insurance CompanyMay 10, 2023 | msn.comAfrica: Countries Must Forge 'Global Blue Deal' to Protect the Ocean - UnctadMay 10, 2023 | finanznachrichten.deSchuler Incorporated Canton: Digital Solutions Forge a New FutureMay 10, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Axon Enterprise (AXON), Forge Global Holdings (FRGE) and EverCommerce (EVCM)May 9, 2023 | finance.yahoo.comForge Global Holdings, Inc. (FRGE) Reports Q1 Loss, Lags Revenue EstimatesMay 9, 2023 | msn.comCountries Must Forge 'Global Blue Deal' to Protect the Ocean - UnctadMay 9, 2023 | finance.yahoo.comForge Global Holdings, Inc. Reports First Quarter Fiscal Year 2023 ResultsMay 9, 2023 | msn.comChina told be on 'high alert' as South Korea, Japan and US forge stronger alliancesMay 8, 2023 | bizjournals.comForge Global has launched a new index to track startup valuationsMay 8, 2023 | marketwatch.comGlobal Cold Forgings Market with CAGR Status till 2030May 8, 2023 | americanbankingnews.comForge Global (FRGE) Scheduled to Post Quarterly Earnings on TuesdayMay 6, 2023 | msn.comJapan PM Kishida visits Seoul to forge closer ties amid N.Korea threatsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FRGE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Forge Global and its competitors with MarketBeat's FREE daily newsletter. Email Address FRGE Company Calendar Last Earnings2/28/2023Today5/29/2023Next Earnings (Estimated)8/10/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Security & commodity brokers, dealers, exchanges & services Sub-IndustryN/A SectorFinance Current SymbolNYSE:FRGE CUSIPN/A CIK1827821 Webforgeglobal.com Phone415-881-1612FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Forecast$3.23 High Stock Price Forecast$7.00 Low Stock Price Forecast$1.75 Forecasted Upside/Downside+140.7%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)($0.59) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-111,860,000.00 Net Margins-105.83% Pretax Margin-105.42% Return on Equity-27.36% Return on Assets-24.21% Debt Debt-to-Equity RatioN/A Current Ratio10.82 Quick Ratio10.82 Sales & Book Value Annual Sales$69.38 million Price / Sales3.36 Cash FlowN/A Price / Cash FlowN/A Book Value$1.89 per share Price / Book0.71Miscellaneous Outstanding Shares174,040,000Free Float139,232,000Market Cap$233.21 million OptionableNot Optionable Beta2.25 Key ExecutivesMr. Kelly A. Rodriques (Age 57)CEO & Director Comp: $1.06MMr. Mark P. Lee (Age 63)Chief Financial Officer Comp: $722.17kMr. Jose A. Cobos (Age 49)Consultant Comp: $1.69MMs. Vidya EashwerCTO & Head of DataMr. Dominic PaschelSr. VP of Fin. & Investor RelationsMr. Johnathan H. Short (Age 57)Chief Legal Officer Frank LennoxSr. VP & Head of ComplianceMs. Lindsay RiddellSr. VP & Head of Global CommunicationsMs. Megan HanleyChief Marketing OfficerMr. Patrick Hughes CFAChief People OfficerMore ExecutivesKey CompetitorsTOP Financial GroupNASDAQ:TOPPioneer BancorpNASDAQ:PBFSMorgan Stanley India Investment FundNYSE:IIFFS BancorpNASDAQ:FSBWFidelity D & D BancorpNASDAQ:FDBCView All CompetitorsInsiders & InstitutionsAbacus Wealth Partners LLCBought 454,907 shares on 5/19/2023Ownership: 0.261%JPMorgan Chase & Co.Bought 36,750 shares on 5/18/2023Ownership: 0.021%Geode Capital Management LLCBought 19,090 shares on 5/16/2023Ownership: 0.511%State Street CorpBought 14,000 shares on 5/16/2023Ownership: 0.211%Squarepoint Ops LLCBought 14,266 shares on 5/16/2023Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions FRGE Stock - Frequently Asked Questions Should I buy or sell Forge Global stock right now? 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forge Global in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FRGE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRGE, but not buy additional shares or sell existing shares. View FRGE analyst ratings or view top-rated stocks. What is Forge Global's stock price forecast for 2023? 6 Wall Street analysts have issued 12-month price targets for Forge Global's stock. Their FRGE share price forecasts range from $1.75 to $7.00. On average, they anticipate the company's share price to reach $3.23 in the next twelve months. This suggests a possible upside of 140.7% from the stock's current price. View analysts price targets for FRGE or view top-rated stocks among Wall Street analysts. How have FRGE shares performed in 2023? Forge Global's stock was trading at $1.73 on January 1st, 2023. Since then, FRGE stock has decreased by 22.5% and is now trading at $1.34. View the best growth stocks for 2023 here. Are investors shorting Forge Global? Forge Global saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 1,870,000 shares, a decrease of 11.0% from the March 31st total of 2,100,000 shares. Based on an average daily volume of 272,700 shares, the short-interest ratio is presently 6.9 days. Approximately 1.9% of the shares of the stock are short sold. View Forge Global's Short Interest. When is Forge Global's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023. View our FRGE earnings forecast. How were Forge Global's earnings last quarter? Forge Global Holdings, Inc. (NYSE:FRGE) announced its quarterly earnings results on Tuesday, February, 28th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.01. The firm had revenue of $16.82 million for the quarter, compared to the consensus estimate of $17.90 million. Forge Global had a negative net margin of 105.83% and a negative trailing twelve-month return on equity of 27.36%. What ETF holds Forge Global's stock ? Amplify Digital & Online Trading ETF holds 826 shares of FRGE stock, representing 0.33% of its portfolio. What is Forge Global's stock symbol? Forge Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRGE." Who are Forge Global's major shareholders? Forge Global's stock is owned by many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (0.51%), Charles Schwab Investment Management Inc. (0.31%), Abacus Wealth Partners LLC (0.26%), State Street Corp (0.21%), Summit Trail Advisors LLC (0.20%) and Bank of America Corp DE (0.06%). Insiders that own company stock include Christoph Hansmeyer, Kelly Rodriques and Kimberley H Vogel. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Forge Global's stock price today? One share of FRGE stock can currently be purchased for approximately $1.34. How much money does Forge Global make? Forge Global (NYSE:FRGE) has a market capitalization of $233.21 million and generates $69.38 million in revenue each year. The company earns $-111,860,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. How can I contact Forge Global? Forge Global's mailing address is 250 GREENWICH STREET, NEW YORK NY, 10007. The official website for the company is forgeglobal.com. The company can be reached via phone at 415-881-1612 or via email at ir@forgeglobal.com. This page (NYSE:FRGE) was last updated on 5/29/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Forge Global Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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