Forum Markets (NASDAQ:FRMM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Forum Markets (NASDAQ:FRMM) from a strong sell rating to a sell rating in a report published on Sunday morning,Wall Street Zen reports.

A number of other equities research analysts have also commented on the company. Benchmark raised their price target on Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a research report on Friday, May 15th. Loop Capital set a $11.00 price objective on Forum Markets in a research report on Monday, May 11th. Zacks Research raised Forum Markets to a “hold” rating in a research note on Friday, May 29th. Clear Str upgraded shares of Forum Markets to a “strong-buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Forum Markets Stock Down 6.9%

FRMM opened at $5.28 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.69 and a current ratio of 2.69. Forum Markets has a 12 month low of $1.76 and a 12 month high of $29.60. The company has a fifty day moving average price of $5.82. The company has a market cap of $69.70 million, a PE ratio of -0.16 and a beta of 1.43.

Forum Markets (NASDAQ:FRMM) last posted its earnings results on Thursday, August 13th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.52). Forum Markets had a negative return on equity of 216.23% and a negative net margin of 4,971.75%.The business had revenue of $1.37 million for the quarter, compared to the consensus estimate of $3.30 million. On average, equities research analysts expect that Forum Markets will post -5.38 earnings per share for the current fiscal year.

Insider Activity at Forum Markets

In other news, major shareholder Konstantin Lomashuk sold 250,000 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the insider directly owned 1,226,638 shares of the company’s stock, valued at $7,359,828. This represents a 16.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 258,189 shares of company stock valued at $1,551,303 in the last 90 days. Insiders own 25.20% of the company’s stock.

Forum Markets Company Profile

Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.