William Blair Has Weak Estimate for Forge Global Q1 Earnings

Forge Global Holdings, Inc. (NYSE:FRGE - Free Report) - Equities researchers at William Blair dropped their Q1 2025 earnings per share estimates for Forge Global in a report released on Tuesday, April 15th. William Blair analyst J. Schmitt now forecasts that the company will post earnings per share of ($1.31) for the quarter, down from their prior 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.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Forge Global in a research report on Tuesday, January 7th. JMP Securities cut their price target on Forge Global from $75.00 to $60.00 and set a "market outperform" rating on the stock in a research note on Tuesday, April 8th.

Forge Global Stock Performance

FRGE stock traded up $1.00 during mid-day trading on Friday, reaching $12.81. The company had a trading volume of 74,267 shares, compared to its average volume of 46,184. Forge Global has a fifty-two week low of $6.60 and a fifty-two week high of $31.65. The company has a market capitalization of $160.75 million, a price-to-earnings ratio of -29.79 and a beta of 2.39. The firm has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $13.38.

Institutional Trading of Forge Global

A number of large investors have recently bought and sold shares of the business. Prudential Financial Inc. acquired a new stake in shares of Forge Global during the fourth quarter worth about $27,000. ProShare Advisors LLC increased its stake in Forge Global by 51.3% in the 4th quarter. ProShare Advisors LLC now owns 32,807 shares of the company's stock valued at $31,000 after buying an additional 11,126 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of Forge Global in the 4th quarter worth $32,000. Focus Partners Wealth purchased a new stake in shares of Forge Global in the fourth quarter valued at about $37,000. Finally, Intech Investment Management LLC raised its holdings in Forge Global by 361.3% during the fourth quarter. Intech Investment Management LLC now owns 55,500 shares of the company's stock worth $52,000 after purchasing an additional 43,468 shares in the last quarter. Institutional investors and hedge funds own 40.67% of the company's stock.

Insiders Place Their Bets

In other news, CRO Jennifer Phillips sold 16,150 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $15.11, for a total transaction of $244,026.50. Following the transaction, the executive now directly owns 22,226 shares in the company, valued at approximately $335,834.86. This trade represents a 42.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.22% of the company's stock.

Forge Global declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 5th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 6.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.