William Blair Predicts Forge Global FY2026 Earnings

Forge Global Holdings, Inc. (NYSE:FRGE - Free Report) - Investment analysts at William Blair issued their FY2026 earnings estimates for shares of Forge Global in a research report issued to clients and investors on Thursday, November 7th. William Blair analyst J. Schmitt expects that the company will post earnings of ($0.16) per share for the year. The consensus estimate for Forge Global's current full-year earnings is ($0.35) per share.

Forge Global (NYSE:FRGE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The company had revenue of $19.22 million during the quarter, compared to analysts' expectations of $22.80 million. Forge Global had a negative net margin of 95.85% and a negative return on equity of 28.48%.

Separately, UBS Group raised Forge Global from a "neutral" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Tuesday, September 3rd.

Forge Global Stock Performance

Forge Global stock traded up $0.04 during trading hours on Monday, reaching $1.05. 1,063,549 shares of the stock were exchanged, compared to its average volume of 539,077. The stock has a market cap of $192.32 million, a P/E ratio of -2.35 and a beta of 2.39. Forge Global has a 52-week low of $1.00 and a 52-week high of $4.02. The firm's 50 day moving average is $1.27 and its 200 day moving average is $1.45.

Institutional Investors Weigh In On Forge Global

Several hedge funds and other institutional investors have recently modified their holdings of FRGE. SG Americas Securities LLC bought a new stake in shares of Forge Global in the 3rd quarter valued at approximately $32,000. Norden Group LLC bought a new position in shares of Forge Global during the second quarter valued at approximately $53,000. Miracle Mile Advisors LLC raised its position in shares of Forge Global by 166.7% during the 2nd quarter. Miracle Mile Advisors LLC now owns 40,000 shares of the company's stock worth $58,000 after purchasing an additional 25,000 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Forge Global by 29.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 33,686 shares of the company's stock worth $66,000 after purchasing an additional 7,663 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Forge Global by 23.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,008 shares of the company's stock worth $72,000 after buying an additional 9,406 shares during the last quarter. Institutional investors own 40.67% of the company's stock.

Insider Activity at Forge Global

In related news, COO Drew Sievers sold 24,051 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1.30, for a total transaction of $31,266.30. Following the sale, the chief operating officer now directly owns 832,444 shares in the company, valued at approximately $1,082,177.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Kelly Rodriques sold 40,084 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1.30, for a total transaction of $52,109.20. Following the completion of the sale, the chief executive officer now directly owns 8,897,688 shares in the company, valued at $11,566,994.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Drew Sievers sold 24,051 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1.30, for a total value of $31,266.30. Following the completion of the transaction, the chief operating officer now owns 832,444 shares in the company, valued at approximately $1,082,177.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 382,498 shares of company stock worth $486,612. Corporate insiders own 9.84% of the company's stock.

About Forge Global

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.