Forge Global (FRGE) Set to Announce Earnings on Tuesday

Forge Global (NYSE:FRGE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Forge Global (NYSE:FRGE) last released its earnings results on Tuesday, March 26th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). The firm had revenue of $19.06 million for the quarter, compared to the consensus estimate of $20.01 million. Forge Global had a negative return on equity of 29.03% and a negative net margin of 129.22%. 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 Down 1.6 %

Shares of FRGE stock traded down $0.03 on Tuesday, hitting $1.87. 141,316 shares of the stock were exchanged, compared to its average volume of 745,508. Forge Global has a fifty-two week low of $1.10 and a fifty-two week high of $4.02. The business has a 50-day moving average of $1.98 and a 200 day moving average of $2.43.

Insider Activity at Forge Global

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 value of $44,868.00. Following the sale, the chief executive officer now directly owns 10,953,176 shares of the company’s stock, valued at $21,906,352. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 95,621 shares of company stock valued at $181,654 over the last three months. 11.26% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.