Forge Global (NYSE:FRGE) Hits New 52-Week Low at $2.92

Shares of Forge Global Holdings, Inc. (NYSE:FRGEGet Rating) reached a new 52-week low during trading on Monday . The company traded as low as $2.92 and last traded at $2.92, with a volume of 17954 shares. The stock had previously closed at $3.55.

Analyst Ratings Changes

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

Forge Global Stock Down 6.6 %

The firm’s fifty day moving average price is $4.43.

Institutional Investors Weigh In On Forge Global

A number of institutional investors have recently made changes to their positions in the business. Temasek Holdings Private Ltd purchased a new stake in Forge Global during the 1st quarter valued at about $289,513,000. State Street Corp lifted its position in 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 last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Forge Global during the second quarter valued at approximately $2,652,000. Lasry Marc bought a new position in shares of Forge Global in the first quarter worth approximately $8,095,000. Finally, Northern Trust Corp purchased a new position in shares of Forge Global in the second quarter worth $1,790,000. Hedge funds and other 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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