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

by · The Cerbat Gem

Valeo Financial Advisors LLC acquired a new position in Forge Global Holdings, Inc. (NYSE:FRGE – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,251 shares of the company’s stock, valued at approximately $728,000. Valeo Financial Advisors LLC owned 0.28% of Forge Global at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FRGE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Forge Global by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,888 shares of the company’s stock worth $39,000 after acquiring an additional 2,964 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in Forge Global in the second quarter worth $47,000. AQR Capital Management LLC raised its holdings in Forge Global by 305.0% in the first quarter. AQR Capital Management LLC now owns 194,616 shares of the company’s stock worth $109,000 after purchasing an additional 146,565 shares in the last quarter. Interval Partners LP raised its holdings in Forge Global by 1.2% in the first quarter. Interval Partners LP now owns 308,388 shares of the company’s stock worth $173,000 after purchasing an additional 3,578 shares in the last quarter. Finally, Truist Financial Corp purchased a new position in Forge Global during the second quarter valued at $190,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Forge Global Stock Performance

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citizens Jmp reaffirmed a “market perform” rating on shares of Forge Global in a research report on Friday, December 12th. Piper Sandler lowered 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. Wall Street Zen upgraded shares of Forge Global from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Citigroup lowered shares of Forge Global from an “outperform” rating to a “market perform” rating in a report on Friday, December 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Forge Global in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Forge Global presently has an average rating of “Hold” and an average target price of $42.00.

Get Our Latest Analysis on Forge Global

Forge Global Company Profile

(Free Report)

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.

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