Forge Global (NYSE:FRGE) Shares Gap Up to $3.53

Forge Global Holdings, Inc. (NYSE:FRGEGet Rating)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.53, but opened at $3.61. Forge Global shares last traded at $3.78, with a volume of 4,503 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JMP Securities began coverage on Forge Global in a report on Friday, August 26th. They set an “outperform” rating and a $10.00 price objective on the stock. William Blair began coverage on Forge Global in a research note on Friday, August 26th. They issued a “market perform” rating for the company.

Forge Global Stock Down 6.1 %

The stock’s fifty day moving average price is $4.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Citigroup Inc. bought a new position in Forge Global in the first quarter worth approximately $28,000. Ergoteles LLC bought a new stake in Forge Global during the 1st quarter valued at $783,000. Penserra Capital Management LLC purchased a new stake in shares of Forge Global during the 1st quarter valued at $193,000. Renaissance Technologies LLC purchased a new stake in shares of Forge Global during the 1st quarter valued at $2,426,000. Finally, State Street Corp purchased a new stake in shares of Forge Global during the 1st quarter valued at $268,000. Institutional investors own 24.22% of the company’s stock.

About Forge Global

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Forge 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.

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