Forge Global Holdings, Inc. (NYSE:FRGE) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of Forge Global Holdings, Inc. (NYSE:FRGE) by 177.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,725 shares of the company’s stock after purchasing an additional 10,058 shares during the period. Tower Research Capital LLC TRC’s holdings in Forge Global were worth $54,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in Forge Global by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 2,548,972 shares of the company’s stock valued at $8,743,000 after acquiring an additional 6,487 shares in the last quarter. Abacus Wealth Partners LLC raised its holdings in Forge Global by 107.3% in the fourth quarter. Abacus Wealth Partners LLC now owns 942,866 shares of the company’s stock valued at $3,234,000 after acquiring an additional 487,959 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in Forge Global by 8.8% in the fourth quarter. Summit Trail Advisors LLC now owns 321,667 shares of the company’s stock valued at $1,103,000 after acquiring an additional 26,000 shares in the last quarter. Swiss National Bank acquired a new stake in Forge Global in the fourth quarter valued at $766,000. Finally, SG Americas Securities LLC increased its stake in Forge Global by 17.5% during the fourth quarter. SG Americas Securities LLC now owns 51,810 shares of the company’s stock valued at $178,000 after purchasing an additional 7,720 shares during the last quarter. 40.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FRGE has been the subject of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $7.00 target price on shares of Forge Global in a research note on Tuesday, April 9th. Oppenheimer reiterated an “outperform” rating and set a $3.50 target price on shares of Forge Global in a research note on Wednesday, March 27th.

Forge Global Stock Down 1.0 %

FRGE stock traded down $0.02 during trading on Monday, hitting $1.90. 310,377 shares of the company’s stock traded hands, compared to its average volume of 753,025. Forge Global Holdings, Inc. has a 52 week low of $1.10 and a 52 week high of $4.02. The stock has a fifty day moving average price of $1.98 and a two-hundred day moving average price of $2.43. The stock has a market capitalization of $342.78 million, a price-to-earnings ratio of -3.65 and a beta of 2.57.

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 business had revenue of $19.06 million for the quarter, compared to the consensus estimate of $20.01 million. Forge Global had a negative net margin of 129.22% and a negative return on equity of 29.03%. As a group, equities research analysts expect that Forge Global Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Insider Transactions at Forge Global

In other news, CEO Kelly Rodriques sold 20,803 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $1.84, for a total transaction of $38,277.52. Following the completion of the transaction, the chief executive officer now owns 10,437,708 shares in the company, valued at $19,205,382.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 95,621 shares of company stock worth $181,654. Insiders own 11.26% of the company’s stock.

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.