William Blair Has Weak Forecast for Forge Global Q2 Earnings

Forge Global Holdings, Inc. (NYSE:FRGE - Free Report) - Research analysts at William Blair cut their Q2 2025 EPS estimates for shares of Forge Global in a research report issued to clients and investors on Thursday, March 6th. William Blair analyst J. Schmitt now forecasts that the company will post earnings per share of ($0.07) for the quarter, down from their prior forecast of ($0.06). 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 Q4 2025 earnings at ($0.06) EPS, FY2025 earnings at ($0.28) EPS and FY2026 earnings at ($0.18) EPS.

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

Forge Global Stock Performance

Shares of NYSE FRGE traded up $0.00 during mid-day trading on Monday, hitting $0.56. The stock had a trading volume of 355,477 shares, compared to its average volume of 592,118. The company has a 50 day moving average of $0.81 and a two-hundred day moving average of $1.04. The firm has a market cap of $106.00 million, a PE ratio of -1.30 and a beta of 2.21. Forge Global has a twelve month low of $0.55 and a twelve month high of $3.56.

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

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Insider Buying and Selling

In related news, CRO Jennifer Phillips sold 159,108 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1.00, for a total transaction of $159,108.00. Following the sale, the executive now directly owns 604,728 shares of the company's stock, valued at approximately $604,728. This represents a 20.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kelly Rodriques sold 50,000 shares of Forge Global stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $0.80, for a total transaction of $40,000.00. Following the completion of 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 have sold a total of 235,508 shares of company stock valued at $226,508 over the last ninety days. Company insiders own 7.22% of the company's stock.

Hedge Funds Weigh In On Forge Global

A number of hedge funds have recently bought and sold shares of the business. ProShare Advisors LLC raised its stake in shares of Forge Global by 51.3% during the 4th quarter. ProShare Advisors LLC now owns 32,807 shares of the company's stock worth $31,000 after buying an additional 11,126 shares during the period. Bank of America Corp DE increased its holdings in Forge Global by 10.2% in the 4th quarter. Bank of America Corp DE now owns 143,525 shares of the company's stock worth $133,000 after acquiring an additional 13,281 shares in the last quarter. Wells Fargo & Company MN raised its position in Forge Global by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company's stock worth $2,405,000 after acquiring an additional 15,695 shares during the period. Schonfeld Strategic Advisors LLC lifted its holdings in Forge Global by 9.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 185,010 shares of the company's stock valued at $172,000 after purchasing an additional 16,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Forge Global by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,619,886 shares of the company's stock valued at $3,433,000 after purchasing an additional 18,913 shares during the period. Hedge funds and other institutional investors own 40.67% 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.