Konstantin Lomashuk Sells 3,387 Shares of Forum Markets (NASDAQ:FRMM) Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,387 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $6.15, for a total value of $20,830.05. Following the completion of the sale, the insider directly owned 1,479,200 shares in the company, valued at approximately $9,097,080. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The shares were sold at an average price of $6.13, for a total value of $6,743.00.
• On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The shares were sold at an average price of $6.41, for a total transaction of $23,729.82.

Forum Markets Price Performance

NASDAQ:FRMM opened at $5.98 on Thursday. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $5.10. The stock has a market cap of $80.07 million, a P/E ratio of -0.17 and a beta of 1.37. Forum Markets, Inc has a 1-year low of $1.76 and a 1-year high of $174.60.

Forum Markets (NASDAQ:FRMM) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The company had revenue of $2.86 million for the quarter. Equities analysts anticipate that Forum Markets, Inc will post -5.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Clear Str raised Forum Markets to a “strong-buy” rating in a report on Monday, May 11th. Benchmark upped their price target on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Forum Markets in a research report on Tuesday, June 30th. Zacks Research raised shares of Forum Markets to a “hold” rating in a report on Friday, May 29th. Finally, Loop Capital set a $11.00 price target on shares of Forum Markets in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Forum Markets presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

About Forum Markets

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.