Forian (NASDAQ:FORA) Releases Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Forian (NASDAQ:FORA) announced its quarterly earnings results on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.07), FiscalAI reports. The firm had revenue of $7.96 million during the quarter, compared to analysts’ expectations of $7.70 million.

Forian Trading Up 1.0%

NASDAQ FORA traded up $0.02 during trading hours on Friday, hitting $2.06. 2,725 shares of the company’s stock traded hands, compared to its average volume of 19,112. Forian has a 52 week low of $1.64 and a 52 week high of $2.71. The firm has a market capitalization of $64.01 million, a P/E ratio of -24.33 and a beta of 1.02. The business’s fifty day moving average price is $2.09 and its two-hundred day moving average price is $2.15.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forian in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its holdings in Forian by 178.2% in the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after purchasing an additional 24,578 shares in the last quarter. OpenArc Corporate Advisory LLC bought a new stake in shares of Forian during the fourth quarter valued at approximately $173,000. Finally, XTX Topco Ltd bought a new stake in shares of Forian during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 19.25% of the company’s stock.

About Forian

Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.

Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.