Forum Markets (NASDAQ:FRMM) Major Shareholder Sells 250,000 Shares

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 250,000 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $6.00, for a total value of $1,500,000.00. Following the completion of the sale, the insider owned 1,226,638 shares of the company’s stock, valued at approximately $7,359,828. This trade represents a 16.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Konstantin Lomashuk also recently made the following trade(s):

• On Thursday, July 9th, Konstantin Lomashuk sold 3,387 shares of Forum Markets stock. The stock was sold at an average price of $6.15, for a total value of $20,830.05.
• 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 Performance

FRMM stock traded down $0.01 on Tuesday, reaching $5.53. The company’s stock had a trading volume of 127,762 shares, compared to its average volume of 805,876. The stock has a market capitalization of $74.05 million, a price-to-earnings ratio of -0.15 and a beta of 1.37. The company has a fifty day moving average price of $5.33. Forum Markets, Inc has a 12-month low of $1.76 and a 12-month high of $174.60. 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 (NASDAQ:FRMM) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($3.64) earnings per share (EPS) for the quarter. The business had revenue of $2.86 million for the quarter. As a group, research analysts anticipate that Forum Markets, Inc will post -5.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FRMM has been the subject of a number of research reports. Wall Street Zen downgraded shares of Forum Markets from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Benchmark upped their target price on shares of Forum Markets from $5.00 to $9.00 and gave the stock a “speculative buy” rating in a research report on Friday, May 15th. Clear Str raised Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Finally, Zacks Research upgraded Forum Markets to a “hold” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

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.