Forge Global (NYSE:FRGE) Posts Earnings Results, Beats Expectations By $0.01 EPS

Forge Global (NYSE:FRGE) posted its quarterly earnings data on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01, Zacks reports. Forge Global had a negative net margin of 95.85% and a negative return on equity of 29.04%.

Forge Global Trading Down 4.8 %

Shares of FRGE traded down $0.04 during midday trading on Wednesday, hitting $0.85. The stock had a trading volume of 514,764 shares, compared to its average volume of 613,557. The business has a 50-day simple moving average of $0.85 and a two-hundred day simple moving average of $1.07. The firm has a market cap of $158.02 million, a P/E ratio of -1.97 and a beta of 2.30. Forge Global has a fifty-two week low of $0.70 and a fifty-two week high of $3.56.

Insider Activity

In other Forge Global 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 transaction of $159,108.00. Following the completion of the sale, the executive now directly owns 604,728 shares in the company, valued at approximately $604,728. This trade represents a 20.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kelly Rodriques sold 50,000 shares of Forge Global stock in a transaction dated 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 in the company, valued at approximately $6,424,170.40. This trade represents a 0.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 235,508 shares of company stock worth $226,508 over the last 90 days. 9.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.