Should I buy or sell Forge Global stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forge Global in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FRGE shares. View FRGE analyst ratings or view top-rated stocks .

What is Forge Global's stock price target for 2024?

2 equities research analysts have issued 1-year price objectives for Forge Global's stock. Their FRGE share price targets range from $2.50 to $7.00. On average, they predict the company's stock price to reach $4.33 in the next year. This suggests a possible upside of 133.0% 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 2024?

Forge Global's stock was trading at $3.43 at the start of the year. Since then, FRGE stock has decreased by 45.8% and is now trading at $1.86. View the best growth stocks for 2024 here .

Are investors shorting Forge Global?

Forge Global saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,030,000 shares, an increase of 25.2% from the March 15th total of 3,220,000 shares. Based on an average daily trading volume, of 797,800 shares, the days-to-cover ratio is currently 5.1 days. Approximately 3.9% 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 Tuesday, May 14th 2024. 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, 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 company had revenue of $19.06 million for the quarter, compared to the consensus estimate of $20.01 million. Forge Global had a negative trailing twelve-month return on equity of 29.03% and a negative net margin of 129.22%.

Who are Forge Global's major shareholders?

Forge Global's stock is owned by many different retail and institutional investors. Top institutional investors include Miracle Mile Advisors LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:FRGE

Forge Global (FRGE) Stock Price, News & Analysis

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$1.87

+0.05 (+2.75%)

(As of 05:32 PM ET)

Compare

Today's Range: $1.79
▼
$1.92
50-Day Range: $1.66
▼
$2.68
52-Week Range: $1.10
▼
$4.02

Volume: 675,205 shs
Average Volume: 775,967 shs
Market Capitalization: $335.67 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.33

Get Forge Global alerts:

Forge Global MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 133.0% Upside
$4.33 Price Target
Short Interest: Bearish
3.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.07
Based on 2 Articles This Week
Insider Trading: Selling Shares
$143,377 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.41) to ($0.31) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.53 out of 5 stars

Finance Sector

625th out of 831 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

8th out of 9 stocks

3.5

Analyst's Opinion

Consensus Rating
Forge Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Forge Global has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.94% 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 5.1.
Change versus previous month
Short interest in Forge Global has recently increased by 25.16%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Forge Global does not currently pay a dividend.
Dividend Growth
Forge Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FRGE.

3.4

News and Social Media Coverage

News Sentiment
Forge Global has a news sentiment score of 1.07. 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 higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Forge Global this week, compared to 4 articles on an average week.
Search Interest
8 people have searched for FRGE on MarketBeat in the last 30 days. This is an increase of 700% compared to the previous 30 days.
MarketBeat Follows
5 people have added Forge Global to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $143,377.00 in company stock.
Percentage Held by Insiders
11.26% 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 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Forge Global are expected to grow in the coming year, from ($0.41) to ($0.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forge Global is -3.58, 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 -3.58, 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 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Forge Global Stock (NYSE:FRGE)

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. It also provides data solutions, such as information and insight to navigate, analyze, and make investment decisions to market participants in the private market. The company was founded in 2014 and is headquartered in San Francisco, California.

FRGE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FRGE Stock News Headlines

April 12, 2024 | msn.com

Ukraine’s Freedom Forge

April 10, 2024 | americanbankingnews.com

Forge Global (NYSE:FRGE) Given "Market Outperform" Rating at JMP Securities

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 2, 2024 | finance.yahoo.com

Forge Global’s Private Market Index to be Tracked by Accuidity Strategy, Offering Diversified Exposure to Late-Stage Companies

April 2, 2024 | finance.yahoo.com

Index Fund for Private Firms Makes Backing Unicorns Easier

April 2, 2024 | businesswire.com

Forge Global's Private Market Index to be Tracked by Accuidity Strategy, Offering Diversified Exposure to Late-Stage Companies

April 2, 2024 | msn.com

The Platform Utilized by Nancy Pelosi for Her Private Investment in Databricks Revealed

April 1, 2024 | finance.yahoo.com

This is the Platform Nancy Pelosi Used to Make Her Private Investment in Databricks

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 29, 2024 | finance.yahoo.com

Analysts Have Lowered Expectations For Forge Global Holdings, Inc. (NYSE:FRGE) After Its Latest Results

March 28, 2024 | seekingalpha.com

Forge Global Holdings, Inc. (FRGE) Q4 2023 Earnings Call Transcript

March 27, 2024 | marketwatch.com

Forge Global Shares Sink After Lower-Than-Expected 4Q Sales

March 27, 2024 | finance.yahoo.com

Q4 2023 Forge Global Holdings Inc Earnings Call

March 27, 2024 | finance.yahoo.com

Forge Global Holdings, Inc. (NYSE:FRGE) Q4 2023 Earnings Call Transcript

March 27, 2024 | msn.com

GOEV, CHEK and MESO among pre-market losers

March 27, 2024 | markets.businessinsider.com

GameStop Posts Downbeat Results, Joins Direct Digital, Forge Global And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

March 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Forge Global Holdings (FRGE) and Adobe (ADBE)

March 26, 2024 | businesswire.com

Forge Global Holdings, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

March 25, 2024 | benzinga.com

Earnings Outlook For Forge Global Holdings

March 21, 2024 | finance.yahoo.com

Forge Releases Forge Pro, a Major Milestone Toward an Institutional Trade Order Management System for Private Company Securities

March 18, 2024 | businesswire.com

Forge Global Holdings, Inc. to Report Fourth Quarter and Full Year 2023 Financial Results on March 26, 2024

March 16, 2024 | uk.investing.com

Forge Global appoints new board member Larry Leibowitz

March 16, 2024 | finance.yahoo.com

FRGE Apr 2024 2.500 call

March 14, 2024 | businesswire.com

Forge Global Appoints Capital Markets Veteran Larry Leibowitz to its Board of Directors

March 11, 2024 | tmcnet.com

ACT and NREL Forge Alliance to Drive Sustainable Aviation Innovation

March 11, 2024 | msn.com

ADGM, Kigali International Financial Centre forge strategic partnership

February 27, 2024 | businesswire.com

Forge Global to Attend the Citizens JMP Technology Conference

See More Headlines

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Company Calendar

Last Earnings: 3/26/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/14/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Security & commodity brokers, dealers, exchanges & services
Sub-Industry: N/A
Current Symbol: NYSE:FRGE
CUSIP: N/A
CIK: 1827821
Web: forgeglobal.com
Phone: 415-881-1612
Fax: N/A
Employees: 345
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.33
High Stock Price Target: $7.00
Low Stock Price Target: $2.50
Potential Upside/Downside: +133.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.52)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-90,220,000.00
Net Margins: -129.22%
Pretax Margin: -130.75%
Return on Equity: -29.03%
Return on Assets: -26.08%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.74
Quick Ratio: 6.74

Sales & Book Value

Annual Sales: $69.82 million
Price / Sales: 4.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.53 per share
Price / Book: 1.22

Miscellaneous

Outstanding Shares: 179,500,000
Free Float: 159,288,000
Market Cap: $333.87 million
Optionable: Optionable
Beta: 2.57

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Key Executives

Mr. Kelly A. Rodriques (Age 58)
CEO & Director
Comp: $9.53M
Mr. Mark P. Lee (Age 64)
Chief Financial Officer
Comp: $3.74M
Mr. Johnathan H. Short (Age 58)
Chief Legal Officer
Comp: $441.72k
Mr. Drew Sievers (Age 57)
Chief Operating Officer
Ms. Catherine M. Dondzila (Age 61)
Chief Accounting Officer
Ms. Vidya Eashwer
Chief Technology Officer
Mr. Dominic Paschel
Senior Vice President of Finance & Investor Relations
Frank Lennox
Senior VP & Head of Compliance
Ms. Lindsay Riddell
Senior VP & Head of Global Communications
Ms. Megan Hanley
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRGE Stock Analysis - Frequently Asked Questions

Should I buy or sell Forge Global stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forge Global in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" FRGE shares.
View FRGE analyst ratings or view top-rated stocks.
What is Forge Global's stock price target for 2024?: 2 equities research analysts have issued 1-year price objectives for Forge Global's stock. Their FRGE share price targets range from $2.50 to $7.00. On average, they predict the company's stock price to reach $4.33 in the next year. This suggests a possible upside of 133.0% 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 2024?: Forge Global's stock was trading at $3.43 at the start of the year. Since then, FRGE stock has decreased by 45.8% and is now trading at $1.86.
View the best growth stocks for 2024 here.
Are investors shorting Forge Global?: Forge Global saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 4,030,000 shares, an increase of 25.2% from the March 15th total of 3,220,000 shares. Based on an average daily trading volume, of 797,800 shares, the days-to-cover ratio is currently 5.1 days. Approximately 3.9% 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 Tuesday, May 14th 2024.
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, 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 company had revenue of $19.06 million for the quarter, compared to the consensus estimate of $20.01 million. Forge Global had a negative trailing twelve-month return on equity of 29.03% and a negative net margin of 129.22%.
Who are Forge Global's major shareholders?: Forge Global's stock is owned by many different retail and institutional investors. Top institutional investors include Miracle Mile Advisors LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FRGE) was last updated on 4/18/2024 by MarketBeat.com Staff

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