Forian (NASDAQ:FORA – Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13), FiscalAI reports. The company had revenue of $6.85 million during the quarter, compared to analysts’ expectations of $7.62 million.
Forian Stock Up 0.5%
Shares of NASDAQ FORA traded up $0.01 during mid-day trading on Friday, reaching $2.17. 87,900 shares of the company were exchanged, compared to its average volume of 27,236. The stock has a market cap of $67.79 million, a price-to-earnings ratio of -24.11 and a beta of 0.93. Forian has a 1 year low of $1.64 and a 1 year high of $2.71. The firm has a 50-day moving average of $2.11 and a 200 day moving average of $2.13.
Institutional Investors Weigh In On Forian
Hedge funds have recently made changes to their positions in the stock. OpenArc Corporate Advisory LLC purchased a new stake in shares of Forian during the 4th quarter worth $173,000. Citadel Advisors LLC raised its stake in Forian by 178.2% in the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after buying an additional 24,578 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Forian in the fourth quarter valued at about $37,000. 19.25% of the stock is currently owned by hedge funds and other institutional investors.
About Forian
Forian (NASDAQ: FORA) is a global regulatory technology company offering cloud-native software solutions for enterprise risk management and financial crime compliance. The company’s platform enables financial institutions to automate and streamline regulatory reporting, transaction surveillance, market risk measurement and client onboarding processes. By consolidating data across multiple asset classes and jurisdictions, Forian helps organizations maintain compliance with evolving regulatory frameworks such as MiFID II, EMIR, Dodd-Frank, FATCA and local AML/KYC requirements.
Founded in 2013 as RegTek Solutions, the business rebranded to Forian in 2023 following a period of strategic expansion into complementary risk and compliance offerings.
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