Forge Global (FRGE) Set to Announce Quarterly Earnings on Tuesday

Forge Global (NYSE:FRGE) will 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Forge Global (NYSE:FRGE) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $19.06 million during the quarter, compared to analyst estimates 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 Trading Up 0.5 %

Shares of FRGE stock opened at $1.95 on Monday. The business’s 50 day simple moving average is $1.99 and its 200 day simple moving average is $2.41. Forge Global has a one year low of $1.10 and a one year high of $4.02.

Insiders Place Their Bets

In related news, CEO Kelly Rodriques sold 24,818 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $1.77, for a total transaction of $43,927.86. Following the transaction, the chief executive officer now owns 10,139,507 shares in the company, valued at approximately $17,946,927.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 131,367 shares of company stock worth $248,857. 11.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FRGE shares. JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 price objective on shares of Forge Global in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and set a $3.50 price target on shares of Forge Global in a research report on Wednesday, March 27th.

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.