38,251 Shares in Forge Global Holdings, Inc. $FRGE Purchased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC bought a new stake in shares of Forge Global Holdings, Inc. (NYSE:FRGE) during the 2nd quarter, Holdings Channel reports. The firm bought 38,251 shares of the company’s stock, valued at approximately $728,000.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Forge Global by 13.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 995,979 shares of the company’s stock valued at $560,000 after purchasing an additional 115,536 shares during the last quarter. Nuveen LLC bought a new stake in Forge Global in the 1st quarter worth approximately $231,000. Whetstone Capital Advisors LLC purchased a new stake in Forge Global during the 1st quarter valued at $209,000. Alyeska Investment Group L.P. bought a new position in shares of Forge Global during the 1st quarter valued at $1,119,000. Finally, AWM Investment Company Inc. boosted its stake in shares of Forge Global by 793.9% in the 1st quarter. AWM Investment Company Inc. now owns 3,928,927 shares of the company’s stock worth $2,208,000 after buying an additional 3,489,424 shares during the last quarter. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FRGE. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forge Global in a research report on Wednesday, October 8th. Citigroup downgraded Forge Global from an “outperform” rating to a “market perform” rating in a research note on Friday, December 12th. Piper Sandler cut shares of Forge Global from an “overweight” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Thursday, November 6th. UBS Group downgraded shares of Forge Global from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $34.00 to $45.00 in a report on Tuesday, November 11th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Forge Global in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Forge Global has a consensus rating of “Hold” and an average target price of $42.00.

Forge Global Stock Up 0.1%

Shares of FRGE opened at $44.49 on Thursday. The business has a 50-day simple moving average of $34.15 and a two-hundred day simple moving average of $23.60. Forge Global Holdings, Inc. has a 52 week low of $6.60 and a 52 week high of $44.76. The stock has a market cap of $605.06 million, a price-to-earnings ratio of -8.56 and a beta of 2.18.

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.