Bullish indicating open at $55-$60, IPO prices at $37
SAN FRANCISCO—Nevin James, the Chief Financial Officer of Forge Global Holdings, Inc. (NYSE:FRGE), a $174 million market cap company, recently purchased shares of the company, according to a filing with the Securities and Exchange Commission. The purchase comes as InvestingPro analysis indicates the stock is trading below its Fair Value, with a price-to-book ratio of 0.82. On May 16, James acquired 3,508 shares of common stock in a transaction valued at approximately $48,865. The shares were purchased at an average price of $13.93, with individual trade prices ranging from $13.84 to $14.00. Following this acquisition, James holds a total of 3,508 shares directly. The company maintains strong liquidity with a current ratio of 5.01 and has posted revenue growth of 16% over the last twelve months. For deeper insights into insider trading patterns and 11 additional key ProTips, visit InvestingPro.
In other recent news, Forge Global Holdings Inc reported a robust first quarter for 2025, with revenue reaching $25.3 million, marking a 36% increase quarter-over-quarter. The company’s marketplace revenue surged by 85%, driven by a 132% increase in trading volume. Despite a net loss of $16.2 million, Forge Global’s adjusted EBITDA loss improved to $8.9 million from $10.9 million in the previous quarter. Piper Sandler upgraded Forge Global’s stock rating from Neutral to Overweight, maintaining a price target of $30, citing the company’s valuation and momentum in the private markets sector. Meanwhile, Citizens JMP reiterated a Market Outperform rating with a $60 price target, expressing confidence in Forge Global’s ability to meet second-quarter estimates. JPMorgan initiated coverage with a Neutral rating and an $18 price target, noting the company’s strategic partnerships and potential acquisition plans. Forge Global has announced a partnership with Yahoo and a distribution agreement with ICE, alongside plans to acquire Accuidity, aiming to strengthen its business amidst a fluctuating market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.