Analysts Set Forge Global Holdings, Inc. (NYSE:FRGE) Target Price at $42.00

Shares of Forge Global Holdings, Inc. (NYSE:FRGE) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $42.00.

Several research analysts have commented on FRGE shares. Piper Sandler cut shares of Forge Global from an “overweight” rating to a “neutral” rating and set a $45.00 target price for the company. in a report on Thursday, November 6th. Citizens Jmp reiterated a “market perform” rating on shares of Forge Global in a research report on Friday, December 12th. Citigroup downgraded shares of Forge Global from an “outperform” rating to a “market perform” rating in a research note on Friday, December 12th. Wall Street Zen raised Forge Global from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Forge Global in a research report on Wednesday, October 8th.

Institutional Trading of Forge Global

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in Forge Global by 303.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,144 shares of the company’s stock valued at $36,000 after buying an additional 1,613 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Forge Global by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock valued at $39,000 after acquiring an additional 2,964 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Forge Global in the second quarter worth $47,000. CWM LLC raised its holdings in shares of Forge Global by 27.8% during the third quarter. CWM LLC now owns 4,409 shares of the company’s stock worth $75,000 after acquiring an additional 960 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Forge Global by 305.0% during the first quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock valued at $109,000 after purchasing an additional 146,565 shares during the last quarter. 40.67% of the stock is currently owned by institutional investors and hedge funds.

Forge Global Trading Up 0.1%

Shares of FRGE opened at $44.61 on Friday. The business’s 50-day moving average price is $44.42 and its 200 day moving average price is $27.91. The stock has a market capitalization of $606.66 million, a P/E ratio of -8.58 and a beta of 2.18. Forge Global has a 1-year low of $6.60 and a 1-year high of $44.88.

Forge Global Company Profile

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.