Q2 EPS Estimates for Forge Global Lowered by William Blair

Forge Global Holdings, Inc. (NYSE:FRGE) – William Blair cut their Q2 2025 earnings estimates for shares of Forge Global in a report released on Thursday, March 6th. William Blair analyst J. Schmitt now expects that the company will earn ($0.07) per share for the quarter, down from their prior estimate 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. reaffirmed an “underweight” rating on shares of Forge Global in a research note on Tuesday, January 7th.

Forge Global Stock Performance

Shares of Forge Global stock opened at $0.58 on Monday. Forge Global has a 52-week low of $0.57 and a 52-week high of $3.56. The stock has a market capitalization of $109.58 million, a price-to-earnings ratio of -1.36 and a beta of 2.21. The company has a fifty day moving average of $0.82 and a 200-day moving average of $1.05.

Forge Global declared that its Board of Directors has approved a stock buyback program on Wednesday, March 5th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the company to purchase up to 6.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Insider Activity at Forge Global

In related news, CRO Jennifer Phillips sold 159,108 shares of the company’s 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 completion of the sale, the executive now directly owns 604,728 shares in the company, valued at $604,728. This represents a 20.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Kelly Rodriques sold 50,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was 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 owns 8,030,213 shares of the company’s stock, valued at $6,424,170.40. This trade represents a 0.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,508 shares of company stock worth $226,508 in the last three months. 7.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Forge Global by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,651,436 shares of the company’s stock worth $2,469,000 after purchasing an additional 31,550 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Forge Global by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,583,455 shares of the company’s stock worth $2,405,000 after purchasing an additional 15,695 shares in the last quarter. State Street Corp raised its holdings in Forge Global by 1.2% in the 3rd quarter. State Street Corp now owns 2,263,898 shares of the company’s stock worth $2,966,000 after purchasing an additional 25,833 shares in the last quarter. Northern Trust Corp raised its holdings in Forge Global by 14.6% in the 4th quarter. Northern Trust Corp now owns 1,069,884 shares of the company’s stock worth $996,000 after purchasing an additional 135,946 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Forge Global by 4.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 965,837 shares of the company’s stock worth $1,265,000 after purchasing an additional 36,913 shares in the last quarter. 40.67% of the stock is currently owned by institutional investors.

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.