Versor Investments LP Acquires New Holdings in Forge Global Holdings, Inc. $FRGE

Versor Investments LP purchased a new position in Forge Global Holdings, Inc. (NYSE:FRGE) during the 4th quarter, Holdings Channel reports. The fund purchased 75,189 shares of the company’s stock, valued at approximately $3,350,000. Forge Global comprises 0.5% of Versor Investments LP’s holdings, making the stock its 28th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Forge Global by 5.8% in the third quarter. Vanguard Group Inc. now owns 433,969 shares of the company’s stock worth $7,334,000 after acquiring an additional 23,952 shares during the period. AQR Capital Management LLC raised its position 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 acquiring an additional 146,565 shares during the period. Millennium Management LLC raised its position in Forge Global by 220.7% in the third quarter. Millennium Management LLC now owns 188,260 shares of the company’s stock worth $3,182,000 after acquiring an additional 129,559 shares during the period. Raymond James Financial Inc. raised its position in Forge Global by 11.8% in the third quarter. Raymond James Financial Inc. now owns 111,006 shares of the company’s stock worth $1,876,000 after acquiring an additional 11,672 shares during the period. Finally, ABC Arbitrage SA bought a new position in Forge Global in the fourth quarter worth approximately $4,213,000. 40.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Forge Global in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Forge Global currently has an average rating of “Reduce” and a consensus target price of $36.00.

Forge Global Price Performance

Shares of FRGE stock opened at $45.00 on Tuesday. The company has a market capitalization of $623.03 million, a price-to-earnings ratio of -8.65 and a beta of 2.18. Forge Global Holdings, Inc. has a one year low of $6.60 and a one year high of $45.03. The company’s fifty day moving average price is $45.00 and its 200-day moving average price is $42.82.

About Forge Global

Forge Global is a financial technology company that operates a digital marketplace for trading shares in private companies. The platform connects shareholders, including employees and early investors, with accredited and institutional buyers seeking exposure to late-stage private ventures ahead of their initial public offerings. By facilitating secondary transactions, Forge Global aims to provide liquidity solutions that traditionally have been limited in private markets.

The company’s core services include trade execution, settlement, and custody for pre-IPO securities, supported by an integrated suite of portfolio management and data-analytics tools.