Forge Global (NYSE:FRGE) Stock Price Up 6.9%

Forge Global Holdings, Inc. (NYSE:FRGEGet Rating) rose 6.9% during mid-day trading on Friday . The company traded as high as $4.13 and last traded at $4.04. Approximately 29,327 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,374,819 shares. The stock had previously closed at $3.78.

Analyst Upgrades and Downgrades

FRGE has been the subject of a number of analyst reports. JMP Securities initiated coverage on shares of Forge Global in a research note on Friday, August 26th. They issued an “outperform” rating and a $10.00 target price for the company. William Blair initiated coverage on shares of Forge Global in a research note on Friday, August 26th. They issued a “market perform” rating for the company.

Forge Global Trading Down 6.1 %

The firm’s 50-day moving average is $4.61.

Hedge Funds Weigh In On Forge Global

A number of institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new position in shares of Forge Global in the second quarter valued at approximately $365,000. State Street Corp raised its position in shares of Forge Global by 4,042.9% in the second quarter. State Street Corp now owns 327,617 shares of the company’s stock valued at $3,410,000 after purchasing an additional 319,709 shares during the period. Cubist Systematic Strategies LLC bought a new position in Forge Global during the second quarter worth $753,000. Renaissance Technologies LLC increased its position in Forge Global by 15.2% during the second quarter. Renaissance Technologies LLC now owns 82,500 shares of the company’s stock worth $859,000 after acquiring an additional 10,900 shares during the period. Finally, Northern Trust Corp bought a new position in Forge Global during the second quarter worth $1,790,000. Institutional investors own 24.22% of the company’s stock.

Forge Global Company Profile

(Get Rating)

Forge Global Holdings, Inc provides marketplace infrastructure, data services, and technology solutions for private market participants. It enables private company shareholders to trade private company shares with accredited investors. The company was founded in 2014 and is based in San Francisco, California.

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