Forge Global (FRGE) Set to Announce Earnings on Tuesday

Forge Global (NYSE:FRGE) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Investors 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 for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm had revenue of $19.06 million during the quarter, compared to analyst estimates of $20.01 million. Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. 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 Up 0.5 %

NYSE FRGE opened at $1.95 on Friday. The stock has a 50-day moving average of $1.99 and a two-hundred day moving average of $2.41. Forge Global has a 1-year low of $1.10 and a 1-year high of $4.02.

Insider Transactions at Forge Global

In other news, CEO Kelly Rodriques sold 22,434 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $2.00, for a total transaction of $44,868.00. Following the completion of the transaction, the chief executive officer now directly owns 10,953,176 shares of the company’s stock, valued at $21,906,352. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 131,367 shares of company stock valued at $248,857. 11.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on FRGE. JMP Securities reaffirmed a “market outperform” rating and issued a $7.00 target price on shares of Forge Global in a research report on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $3.50 target price 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.