Q1 EPS Estimates for Forge Global Decreased by William Blair

Forge Global Holdings, Inc. (NYSE:FRGE) – Research analysts at William Blair dropped their Q1 2025 earnings estimates for shares of Forge Global in a research report issued on Tuesday, April 15th. William Blair analyst J. Schmitt now anticipates that the company will post earnings of ($1.31) per share for the quarter, down from their previous estimate of ($1.20). The consensus estimate for Forge Global’s current full-year earnings is ($0.37) per share. William Blair also issued estimates for Forge Global’s Q2 2025 earnings at ($1.07) EPS, Q3 2025 earnings at ($1.06) EPS, Q4 2025 earnings at ($0.98) EPS, FY2025 earnings at ($4.42) EPS, Q1 2026 earnings at ($0.64) EPS, Q2 2026 earnings at ($0.63) EPS, Q3 2026 earnings at ($0.62) EPS, Q4 2026 earnings at ($0.51) EPS and FY2026 earnings at ($2.40) EPS.

FRGE has been the subject of several other research reports. JMP Securities decreased their target price on Forge Global from $75.00 to $60.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Forge Global in a report on Tuesday, January 7th.

Forge Global Stock Performance

NYSE:FRGE opened at $8.79 on Friday. The stock has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $13.49. Forge Global has a one year low of $6.60 and a one year high of $31.65. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -20.43 and a beta of 2.39.

Hedge Funds Weigh In On Forge Global

Several hedge funds and other institutional investors have recently modified their holdings of FRGE. Geode Capital Management LLC lifted its position in Forge Global by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,651,436 shares of the company’s stock valued at $2,469,000 after purchasing an additional 31,550 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Forge Global by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock valued at $2,405,000 after buying an additional 15,695 shares during the last quarter. State Street Corp raised its holdings in shares of Forge Global by 1.2% during the third quarter. State Street Corp now owns 2,263,898 shares of the company’s stock valued at $2,966,000 after buying an additional 25,833 shares during the last quarter. Northern Trust Corp boosted its position in shares of Forge Global by 14.6% during the fourth quarter. Northern Trust Corp now owns 1,069,884 shares of the company’s stock worth $996,000 after buying an additional 135,946 shares during the period. Finally, Jane Street Group LLC grew its holdings in Forge Global by 355.4% in the 4th quarter. Jane Street Group LLC now owns 685,172 shares of the company’s stock worth $638,000 after buying an additional 534,717 shares in the last quarter. Institutional investors and hedge funds own 40.67% of the company’s stock.

Insiders Place Their Bets

In other Forge Global news, CRO Jennifer Phillips sold 10,607 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $15.00, for a total value of $159,105.00. Following the sale, the executive now directly owns 40,315 shares of the company’s stock, valued at $604,725. This trade represents a 20.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.22% of the stock is currently owned by corporate insiders.

Forge Global announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.