Forum Markets, Inc (NASDAQ:FRMM – Get Free Report) major shareholder Konstantin Lomashuk sold 3,387 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $6.15, for a total value of $20,830.05. Following the sale, the insider owned 1,479,200 shares of the company’s stock, valued at $9,097,080. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Konstantin Lomashuk also recently made the following trade(s):
- On Wednesday, July 8th, Konstantin Lomashuk sold 1,100 shares of Forum Markets stock. The shares were sold at an average price of $6.13, for a total value of $6,743.00.
- On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The stock was sold at an average price of $6.41, for a total value of $23,729.82.
Forum Markets Stock Up 4.9%
Shares of FRMM stock opened at $6.80 on Wednesday. The stock’s fifty day simple moving average is $5.08. The company has a market cap of $91.06 million, a P/E ratio of -0.19 and a beta of 1.37. The company has a current ratio of 6.19, a quick ratio of 6.19 and a debt-to-equity ratio of 0.15. Forum Markets, Inc has a twelve month low of $1.76 and a twelve month high of $174.60.
Analysts Set New Price Targets
FRMM has been the subject of several research analyst reports. Loop Capital set a $11.00 price target on shares of Forum Markets in a report on Monday, May 11th. Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Zacks Research upgraded Forum Markets to a “hold” rating in a research report on Friday, May 29th. Benchmark upped their target price on Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Forum Markets in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.
Check Out Our Latest Analysis on FRMM
About Forum Markets
Forum Markets Inc is a digital asset platform modernizing capital markets through the tokenization of institutional-grade real-world assets on Ethereum. The company structures cash-generating assets on blockchain-based infrastructure to facilitate liquidity, investor access, and primary and secondary market activity. It combines traditional asset management practices with digital market infrastructure to support the origination, distribution, and trading of real-world assets.
See Also
- Five stocks we like better than Forum Markets
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Forum Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Markets and related companies with MarketBeat.com's FREE daily email newsletter.
