ExodusPoint Capital Management LP Takes $80,000 Position in Forge Global Holdings, Inc. (NYSE:FRGE)

ExodusPoint Capital Management LP purchased a new position in shares of Forge Global Holdings, Inc. (NYSE:FRGE – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,842 shares of the company’s stock, valued at approximately $80,000.

Other large investors have also modified their holdings of the company. Summit Trail Advisors LLC boosted its stake in shares of Forge Global by 32.3% during the third quarter. Summit Trail Advisors LLC now owns 337,003 shares of the company’s stock valued at $590,000 after acquiring an additional 82,201 shares during the last quarter. UBS Group AG boosted its stake in Forge Global by 167.4% in the 3rd quarter. UBS Group AG now owns 65,939 shares of the company’s stock worth $115,000 after buying an additional 41,278 shares during the last quarter. S&CO Inc. purchased a new position in shares of Forge Global in the 3rd quarter worth about $51,000. MUFG Americas Holdings Corp purchased a new position in shares of Forge Global in the 3rd quarter worth about $8,140,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Forge Global in the 2nd quarter worth about $365,000. Hedge funds and other institutional investors own 13.68% of the company’s stock.

Forge Global Stock Up 3.5 %

FRGE stock opened at $1.76 on Monday. Forge Global Holdings, Inc. has a 52-week low of $1.26 and a 52-week high of $47.50. The stock’s 50 day moving average is $1.84 and its two-hundred day moving average is $2.01. The company has a market capitalization of $303.85 million, a PE ratio of -1.21 and a beta of 2.33.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FRGE. UBS Group began coverage on Forge Global in a report on Wednesday, November 30th. They issued a “neutral” rating and a $1.75 price objective on the stock. JMP Securities dropped their target price on Forge Global from $10.00 to $8.00 and set a “market outperform” rating on the stock in a report on Tuesday, January 10th. Piper Sandler initiated coverage on Forge Global in a report on Tuesday, November 22nd. They set a “neutral” rating and a $1.75 target price on the stock. Oppenheimer raised their target price on Forge Global from $2.00 to $2.40 and gave the company an “outperform” rating in a report on Wednesday, March 1st. Finally, JPMorgan Chase & Co. initiated coverage on Forge Global in a report on Thursday, January 5th. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.48.

Forge Global Company Profile

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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.