image
Technology - Software - Application - NYSE - US
$ 0.775
-2.81 %
$ 143 M
Market Cap
-1.8
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FRGE stock under the worst case scenario is HIDDEN Compared to the current market price of 0.775 USD, Forge Global Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FRGE stock under the base case scenario is HIDDEN Compared to the current market price of 0.775 USD, Forge Global Holdings, Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one FRGE stock under the best case scenario is HIDDEN Compared to the current market price of 0.775 USD, Forge Global Holdings, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
69.8 M REVENUE
1.34%
-91.4 M OPERATING INCOME
32.28%
-90.2 M NET INCOME
19.38%
-41.5 M OPERATING CASH FLOW
39.75%
-8.16 M INVESTING CASH FLOW
-22.71%
57 K FINANCING CASH FLOW
-99.97%
19.2 M REVENUE
-13.76%
-20.9 M OPERATING INCOME
-18.42%
-18.8 M NET INCOME
-37.31%
-31.9 M OPERATING CASH FLOW
-120.92%
-173 K INVESTING CASH FLOW
-2.75%
-394 K FINANCING CASH FLOW
56.22%
Balance Sheet Forge Global Holdings, Inc.
image
Current Assets 163 M
Cash & Short-Term Investments 152 M
Receivables 4.07 M
Other Current Assets 6.62 M
Non-Current Assets 148 M
Long-Term Investments 0
PP&E 9.5 M
Other Non-Current Assets 138 M
Current Liabilities 24.2 M
Accounts Payable 1.83 M
Short-Term Debt 2.52 M
Other Current Liabilities 19.9 M
Non-Current Liabilities 18.1 M
Long-Term Debt 8.3 M
Other Non-Current Liabilities 9.8 M
EFFICIENCY
Earnings Waterfall Forge Global Holdings, Inc.
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Revenue 69.8 M
Cost Of Revenue 431 K
Gross Profit 69.4 M
Operating Expenses 161 M
Operating Income -91.4 M
Other Expenses -1.23 M
Net Income -90.2 M
RATIOS
99.38% GROSS MARGIN
99.38%
-130.98% OPERATING MARGIN
-130.98%
-129.22% NET MARGIN
-129.22%
-34.24% ROE
-34.24%
-29.04% ROA
-29.04%
-34.29% ROIC
-34.29%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Forge Global Holdings, Inc.
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Net Income -90.2 M
Depreciation & Amortization 10.1 M
Capital Expenditures -527 K
Stock-Based Compensation 34.3 M
Change in Working Capital -3.6 M
Others 6.33 M
Free Cash Flow -42 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Forge Global Holdings, Inc.
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Wall Street analysts predict an average 1-year price target for FRGE of $4.44 , with forecasts ranging from a low of $1.75 to a high of $10 .
FRGE Lowest Price Target Wall Street Target
1.75 USD 125.81%
FRGE Average Price Target Wall Street Target
4.44 USD 472.58%
FRGE Highest Price Target Wall Street Target
10 USD 1190.32%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership Forge Global Holdings, Inc.
image
Sold
0-3 MONTHS
571 K USD 2
3-6 MONTHS
1.02 M USD 2
6-9 MONTHS
1.28 M USD 1
9-12 MONTHS
274 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 month ago
Dec 18, 2024
Sell 1.4 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 1400
1 USD
1 month ago
Dec 16, 2024
Sell 25.9 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
1.0378 USD
1 month ago
Dec 17, 2024
Sell 24.6 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
0.9851 USD
1 month ago
Dec 05, 2024
Sell 26.3 K USD
Rodriques Kelly
Chief Executive Officer
- 25634
1.0241 USD
1 month ago
Dec 06, 2024
Sell 16.1 K USD
Rodriques Kelly
Chief Executive Officer
- 15723
1.0226 USD
1 month ago
Dec 09, 2024
Sell 72.6 K USD
Rodriques Kelly
Chief Executive Officer
- 65000
1.1172 USD
1 month ago
Dec 02, 2024
Sell 53.7 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 50000
1.0737 USD
1 month ago
Dec 02, 2024
Sell 32.4 K USD
Rodriques Kelly
Chief Executive Officer
- 31735
1.0222 USD
1 month ago
Dec 03, 2024
Sell 20.2 K USD
Rodriques Kelly
Chief Executive Officer
- 19778
1.02 USD
1 month ago
Dec 04, 2024
Sell 7.27 K USD
Rodriques Kelly
Chief Executive Officer
- 7130
1.02 USD
1 month ago
Nov 21, 2024
Sell 12.3 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 12292
1 USD
1 month ago
Nov 22, 2024
Sell 6.54 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 6537
1 USD
2 months ago
Nov 15, 2024
Sell 21.9 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
0.8774 USD
2 months ago
Nov 18, 2024
Sell 20.6 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
0.8227 USD
2 months ago
Nov 01, 2024
Sell 28.5 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 25000
1.1388 USD
2 months ago
Nov 04, 2024
Sell 28.4 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 25000
1.137 USD
2 months ago
Oct 22, 2024
Sell 63.8 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 50000
1.2769 USD
2 months ago
Oct 23, 2024
Sell 61.4 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 50000
1.2282 USD
2 months ago
Oct 24, 2024
Sell 47.2 K USD
Phillips Jennifer
Chief Revenue & Growth Officer
- 38916
1.2122 USD
3 months ago
Oct 15, 2024
Sell 66.4 K USD
Rodriques Kelly
Chief Executive Officer
- 50000
1.3288 USD
4 months ago
Sep 16, 2024
Sell 15 K USD
Sievers Drew
Chief Operating Officer
- 11042
1.3577 USD
4 months ago
Sep 17, 2024
Sell 25.9 K USD
Sievers Drew
Chief Operating Officer
- 18958
1.3636 USD
4 months ago
Sep 16, 2024
Sell 25 K USD
Rodriques Kelly
Chief Executive Officer
- 18405
1.3577 USD
4 months ago
Sep 17, 2024
Sell 43.1 K USD
Rodriques Kelly
Chief Executive Officer
- 31595
1.3636 USD
4 months ago
Sep 11, 2024
Sell 51.2 K USD
Rodriques Kelly
Chief Executive Officer
- 40000
1.2791 USD
4 months ago
Sep 12, 2024
Sell 112 K USD
Rodriques Kelly
Chief Executive Officer
- 85000
1.3183 USD
4 months ago
Sep 05, 2024
Sell 77.6 K USD
Rodriques Kelly
Chief Executive Officer
- 60000
1.2931 USD
4 months ago
Sep 06, 2024
Sell 50.7 K USD
Rodriques Kelly
Chief Executive Officer
- 40000
1.2674 USD
5 months ago
Aug 15, 2024
Sell 31.3 K USD
Sievers Drew
Chief Operating Officer
- 24051
1.3028 USD
5 months ago
Aug 16, 2024
Sell 7.83 K USD
Sievers Drew
Chief Operating Officer
- 5949
1.3156 USD
5 months ago
Aug 15, 2024
Sell 52.2 K USD
Rodriques Kelly
Chief Executive Officer
- 40084
1.3028 USD
5 months ago
Aug 16, 2024
Sell 13 K USD
Rodriques Kelly
Chief Executive Officer
- 9916
1.3156 USD
5 months ago
Aug 09, 2024
Sell 32.1 K USD
Rodriques Kelly
Chief Executive Officer
- 24562
1.3068 USD
5 months ago
Aug 12, 2024
Sell 134 K USD
Rodriques Kelly
Chief Executive Officer
- 108646
1.2315 USD
5 months ago
Aug 13, 2024
Sell 94.8 K USD
Rodriques Kelly
Chief Executive Officer
- 74792
1.267 USD
5 months ago
Jul 22, 2024
Sell 94.8 K USD
Rodriques Kelly
Chief Executive Officer
- 65109
1.4559 USD
5 months ago
Jul 23, 2024
Sell 96.3 K USD
Rodriques Kelly
Chief Executive Officer
- 66162
1.4562 USD
6 months ago
Jul 11, 2024
Sell 279 K USD
Rodriques Kelly
Chief Executive Officer
- 193727
1.4403 USD
6 months ago
Jul 12, 2024
Sell 233 K USD
Rodriques Kelly
Chief Executive Officer
- 165000
1.4128 USD
6 months ago
Jul 15, 2024
Sell 213 K USD
Rodriques Kelly
Chief Executive Officer
- 150000
1.4216 USD
6 months ago
Jul 08, 2024
Sell 92.6 K USD
Rodriques Kelly
Chief Executive Officer
- 65000
1.4243 USD
6 months ago
Jul 09, 2024
Sell 29.4 K USD
Rodriques Kelly
Chief Executive Officer
- 21000
1.3979 USD
6 months ago
Jul 10, 2024
Sell 118 K USD
Rodriques Kelly
Chief Executive Officer
- 85000
1.3911 USD
7 months ago
Jun 03, 2024
Sell 38.3 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
1.532 USD
7 months ago
Jun 04, 2024
Sell 37.4 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
1.4972 USD
7 months ago
May 22, 2024
Sell 61.1 K USD
Rodriques Kelly
Chief Executive Officer
- 33762
1.8102 USD
7 months ago
May 23, 2024
Sell 45.4 K USD
Rodriques Kelly
Chief Executive Officer
- 26238
1.7285 USD
8 months ago
May 01, 2024
Sell 67.3 K USD
Rodriques Kelly
Chief Executive Officer
- 35746
1.8835 USD
8 months ago
May 02, 2024
Sell 27.5 K USD
Rodriques Kelly
Chief Executive Officer
- 14254
1.932 USD
9 months ago
Apr 16, 2024
Sell 38.2 K USD
Rodriques Kelly
Chief Executive Officer
- 20803
1.836 USD
9 months ago
Apr 01, 2024
Sell 46 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
1.8416 USD
9 months ago
Apr 02, 2024
Sell 43.3 K USD
Rodriques Kelly
Chief Executive Officer
- 25000
1.7304 USD
10 months ago
Mar 01, 2024
Sell 45 K USD
Rodriques Kelly
Chief Executive Officer
- 22434
2.0045 USD
10 months ago
Mar 04, 2024
Sell 54.5 K USD
Rodriques Kelly
Chief Executive Officer
- 27566
1.9757 USD
11 months ago
Feb 06, 2024
Sell 44 K USD
Rodriques Kelly
Chief Executive Officer
- 24818
1.7726 USD
11 months ago
Feb 07, 2024
Sell 41.3 K USD
Rodriques Kelly
Chief Executive Officer
- 25182
1.6385 USD
1 year ago
Jan 03, 2024
Sell 126 K USD
Rodriques Kelly
Chief Executive Officer
- 40000
3.1528 USD
1 year ago
Jan 04, 2024
Sell 30.4 K USD
Rodriques Kelly
Chief Executive Officer
- 10000
3.0407 USD
1 year ago
Dec 04, 2023
Sell 158 K USD
Rodriques Kelly
Chief Executive Officer
- 50000
3.154 USD
1 year ago
Nov 09, 2023
Sell 46.6 K USD
Rodriques Kelly
Chief Executive Officer
- 20000
2.3308 USD
1 year ago
Nov 10, 2023
Sell 67.2 K USD
Rodriques Kelly
Chief Executive Officer
- 30000
2.2409 USD
1 year ago
Oct 02, 2023
Sell 21.9 K USD
Rodriques Kelly
Chief Executive Officer
- 11400
1.9224 USD
1 year ago
Oct 03, 2023
Sell 69.4 K USD
Rodriques Kelly
Chief Executive Officer
- 38600
1.7992 USD
1 year ago
Sep 01, 2023
Sell 47.6 K USD
Rodriques Kelly
Chief Executive Officer
- 20000
2.3797 USD
1 year ago
Sep 05, 2023
Sell 67.9 K USD
Rodriques Kelly
Chief Executive Officer
- 30000
2.2642 USD
2 years ago
Sep 23, 2022
Bought 10.8 K USD
Hansmeyer Christoph
Director
+ 5641
1.918 USD
1 year ago
Apr 17, 2023
Sell 108 K USD
Rodriques Kelly
Chief Executive Officer
- 64018
1.6827 USD
1 year ago
Apr 18, 2023
Sell 30.9 K USD
Rodriques Kelly
Chief Executive Officer
- 19466
1.5864 USD
1 year ago
Apr 19, 2023
Sell 76.5 K USD
Rodriques Kelly
Chief Executive Officer
- 50202
1.524 USD
2 years ago
Nov 17, 2022
Bought 49.8 K USD
Vogel Kimberley H
Director
+ 33000
1.5097 USD
2 years ago
Nov 11, 2022
Bought 50 K USD
Vogel Kimberley H
Director
+ 30303
1.65 USD
2 years ago
Sep 23, 2022
Bought 10.6 K USD
Hansmeyer Christoph
Director
+ 5541
1.9126 USD
2 years ago
Sep 22, 2022
Bought 8.72 K USD
Hansmeyer Christoph
Director
+ 4359
2 USD
2 years ago
Mar 21, 2022
Bought 0 USD
Heyvaert Paul Luc Robert
director:
+ 14000000
0 USD
2 years ago
Mar 21, 2022
Bought 140 M USD
Heyvaert Paul Luc Robert
10 percent owner, other: Former Director
+ 14000000
10 USD
2 years ago
Mar 21, 2022
Bought 53.7 M USD
Heyvaert Paul Luc Robert
10 percent owner, other: Former Director
+ 4666664
11.5 USD
7. News
Forge Global Receives Continued Listing Standards Notice from the NYSE SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, was notified on December 31, 2024 by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE's Listed Company Manual (“Rule 802.01C”) relating to the minimum average share price. Rule 802.01C requires that a company's common stock trade at a minimum average closing price of $1.00 over a consecutive 30 tra. businesswire.com - 2 weeks ago
Circus and Vytal Forge Global Partnership to Pioneer a Sustainable Packaging System for the AI-Powered CA-1 Robot HAMBURG, Germany--(BUSINESS WIRE)--Circus SE (Xetra: CA1), a global leader in AI robotics specializing in autonomous kitchen systems, and Vytal, the world's leading provider of software-enabled reusable packaging solutions, have announced a transformative partnership to launch a reusable bowl system for the Circus Autonomy One (CA-1) food production robot. This sustainable innovation replaces disposable paper bowls, aligning with a shared vision of zero waste and circular economy principles. Th. businesswire.com - 1 month ago
Forge Global Holdings, Inc. (FRGE) Q3 2024 Earnings Call Transcript Forge Global Holdings, Inc. (NYSE:FRGE ) Q3 2024 Earnings Conference Call November 6, 2024 4:30 PM ET Company Participants Lindsay Riddell - Executive Vice President of Corporate Marketing and Communications Kelly Rodriques - Chief Executive Officer Mark Lee - Chief Financial Officer Dominic Paschel - Senior Vice President of Finance and Investor Relations Conference Call Participants Patrick Moley - Piper Sandler Companies Devin Ryan - Citizens JMP Alex Kramm - UBS Investment Bank Madeline Daleiden - JPMorgan Chase & Co. Operator Good afternoon. My name is John, and I will be your conference operator today. seekingalpha.com - 2 months ago
Forge Global Holdings, Inc. (FRGE) Reports Q3 Loss, Lags Revenue Estimates Forge Global Holdings, Inc. (FRGE) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.11 per share a year ago. zacks.com - 2 months ago
Forge Global Announces Forge Price, A New Standard for Pricing Pre-IPO Venture-Backed Late-Stage Companies, Now Integrated into Forge Pro and Related Data Products SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private market platform, announced today Forge Price™, a groundbreaking pricing model for pre-IPO venture-backed late-stage companies. This new offering will be integrated into Forge Pro and other related data products, revolutionizing how investors access and interpret private market valuations, benchmarking, and indexing. Forge Price is a derived, indicative price calculated daily f. businesswire.com - 3 months ago
Forge Global: Turning Bullish On Results Beat And Positive Outlook (Rating Upgrade) Forge Global's rating is upgraded to a Buy, and this is justified by its better-than-expected Q2 results and favorable midterm profitability outlook. FRGE's revenue growth accelerated from +24% YoY in Q1 to +33% YoY in Q2, and its actual second quarter top line translated into a +9% beat. The company anticipates that it can realize EBITDA breakeven in fiscal 2026, and this is supported by its recently announced workforce optimization plan. seekingalpha.com - 5 months ago
Forge Global Holdings, Inc. (FRGE) Q2 2024 Earnings Call Transcript Forge Global Holdings, Inc. (NYSE:FRGE ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Kelly Rodriques – Chief Executive Officer Mark Lee – Chief Financial Officer Lindsay Riddell – Executive Vice President-Corporate Marketing and Communications Conference Call Participants Owen Lau – Oppenheimer Jeff Schmitt – William Blair Operator Good afternoon. My name is Angela and I will be your conference operator today. seekingalpha.com - 5 months ago
Forge Global Holdings, Inc. (FRGE) Reports Q2 Loss, Tops Revenue Estimates Forge Global Holdings, Inc. (FRGE) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.12. This compares to loss of $0.12 per share a year ago. zacks.com - 5 months ago
Forge Global CEO to Fireside Chat at the Piper Sandler & Co. Global Exchange & Trading Conference SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced that Kelly Rodriques, Chief Executive Officer, will participate in a fireside chat at the Piper Sandler & Co. Global Exchange & Trading Conference. Details for the event are as follows: Where: Piper Sandler & Co. Global Exchange & Trading Conference, New York, NY. When: Wednesday, June 5th, 2024 Time: 4:00 p.m. Eastern Ti. businesswire.com - 7 months ago
Forge Global CEO to Present at the William Blair 44th Annual Growth Stock Conference SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced that Kelly Rodriques, Chief Executive Officer, will present at the William Blair 44th Annual Growth Stock Conference. Details for the event are as follows: Where: William Blair 44th Annual Growth Stock Conference, Chicago, IL. When: Tuesday, June 4th, 2024 Time: 4:20 p.m. Eastern Time / 3:20 p.m. Central Time / 1:20 p.m. Pacific Time Web. businesswire.com - 7 months ago
Forge Global to Attend the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference SAN FRANCISCO--(BUSINESS WIRE)--Forge Global Holdings, Inc. (“Forge,” or the “Company”) (NYSE: FRGE), a leading private securities marketplace, today announced that Mark Lee, Chief Financial Officer, and Dominic Paschel, SVP Finance and Investor Relations, will participate in the J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference. Details for the event are as follows: Where: J.P. Morgan 52nd Annual Global Technology, Media, and Communications Conference, Boston, MA. businesswire.com - 8 months ago
Forge Global Holdings, Inc. (FRGE) Q1 2024 Earnings Call Transcript Forge Global Holdings, Inc. (NYSE:FRGE ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Lindsay Riddell - Executive Vice President of Corporate, Marketing, and Communications Kelly Rodriques - Chief Executive Officer Mark Lee - Chief Financial Officer Dominic Paschel - Senior Vice President of Finance and Investor Relations Conference Call Participants Alex Jenkins - Citizens JMP Ken Worthington - JPMorgan Securities LLC Owen Lau - Oppenheimer & Co. Operator Good afternoon. My name is Jericho, and I will be your conference operator today. seekingalpha.com - 8 months ago
8. Profile Summary

Forge Global Holdings, Inc. FRGE

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COUNTRY US
INDUSTRY Software - Application
MARKET CAP $ 143 M
Dividend Yield 0.00%
Description 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.
Contact 415 Mission Street, San Francisco, CA, 94105 https://forgeglobal.com
IPO Date Feb. 1, 2021
Employees 307
Officers Ms. Lindsay Riddell Senior Vice President & Head of Global Communications Mr. Mark P. Lee Chief Financial Officer Ms. Megan Hanley Chief Marketing Officer Mr. Kelly A. Rodriques Chief Executive Officer & Director Mr. Dominic Paschel Senior Vice President of Finance & Investor Relations Ms. Victoria Hughes Chief People Officer Ms. Catherine M. Dondzila Chief Accounting Officer Frank Lennox Senior Vice President & Head of Compliance Ms. Vidya Eashwer Chief Technology Officer Ms. Jennifer L. Phillips Chief Revenue & Growth Officer