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Investing.com - Forge Global Holdings Inc (NYSE:FRGE) stock, currently trading at $16.82 with a market cap of $226.7 million, rose after JMP Securities reiterated its Market Outperform rating and $60.00 price target on the private securities marketplace. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.
JMP cited an "inflection occurring as Forge matures and operating backdrop normalizes" in its analysis following Forge’s second-quarter 2025 financial results released Wednesday. The company has shown strong momentum, with InvestingPro data revealing a 45.63% price return over the past six months and 20.46% year-to-date gains.
The company reported second-quarter adjusted EBITDA of -$5.4 million, which was better than JMP’s estimate of -$12.2 million. Net revenues reached $27.6 million, representing a 24% year-over-year increase and exceeding JMP’s forecast by 39%. This aligns with the company’s broader growth trajectory, as InvestingPro data shows a 16.03% revenue growth over the last twelve months. Get access to 8 more exclusive InvestingPro Tips and comprehensive financial analysis for Forge Global Holdings.
Forge’s trading activity showed strength with 927 trades during the quarter, 13% above JMP’s model, while volume per trade reached $816,000, 63% higher than anticipated. This was partially offset by a take rate of 2.4%, which was lower than JMP’s 2.7% estimate.
The company reported expenses of $40.4 million, which was $1.8 million above JMP’s model but included $3 million in reorganization and liquidity acquisition costs. Excluding these items, operating expenses would have improved 10% from the previous quarter.
In other recent news, Forge Global Holdings Inc. reported its second-quarter earnings for fiscal year 2025, revealing a significant rise in revenue. This increase in revenue is accompanied by enhancements in operational metrics, indicating a positive trend in the company’s financial performance. The earnings report reflects the company’s strategic initiatives that seem to be resonating well with investors. While the stock saw a premarket rise, the focus remains on the company’s ability to sustain its revenue growth. These developments have caught the attention of analysts and investors who are closely monitoring Forge Global’s performance. The company’s ongoing efforts to improve its operational efficiency are noteworthy in this context. As investors digest these results, the financial community is keenly observing how Forge Global will continue to execute its strategies.
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