Forge Global (FRGE) Projected to Post Earnings on Tuesday

Forge Global (NYSE:FRGE - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, March 25th. Analysts expect the company to announce earnings of ($0.09) per share and revenue of $20.75 million for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Forge Global Stock Up 1.0 %

Shares of FRGE stock traded up $0.01 on Friday, reaching $0.61. The company's stock had a trading volume of 285,982 shares, compared to its average volume of 598,347. The company has a market capitalization of $115.52 million, a P/E ratio of -1.43 and a beta of 2.21. Forge Global has a 12-month low of $0.55 and a 12-month high of $3.56. The stock's 50 day simple moving average is $0.78 and its 200-day simple moving average is $1.01.

Forge Global declared that its board has authorized a stock buyback program on Wednesday, March 5th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reissued an "underweight" rating on shares of Forge Global in a report on Tuesday, January 7th.

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Insider Activity

In related news, CRO Jennifer Phillips sold 159,108 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1.00, for a total value of $159,108.00. Following the sale, the executive now directly owns 604,728 shares of the company's stock, valued at $604,728. This trade represents a 20.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kelly Rodriques sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $0.80, for a total value of $40,000.00. Following the transaction, the chief executive officer now directly owns 8,030,213 shares of the company's stock, valued at $6,424,170.40. The trade was a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.22% 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.