Forum Markets (NASDAQ:FRMM) Major Shareholder Sells $23,729.82 in Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,702 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $6.41, for a total transaction of $23,729.82. Following the completion of the transaction, the insider directly owned 1,483,687 shares in the company, valued at $9,510,433.67. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions 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 transaction of $6,743.00.

Forum Markets Stock Up 1.0%

NASDAQ FRMM traded up $0.06 during trading hours on Friday, reaching $5.96. 374,958 shares of the company were exchanged, compared to its average volume of 298,273. The company has a market cap of $79.81 million, a PE ratio of -0.17 and a beta of 1.37. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. Forum Markets, Inc has a 1 year low of $1.76 and a 1 year high of $174.60. The firm has a 50 day simple moving average of $5.02.

Forum Markets (NASDAQ:FRMM) last released its earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter. The business had revenue of $2.86 million for the quarter. As a group, sell-side analysts anticipate that Forum Markets, Inc will post -4.74 earnings per share for the current year.

Wall Street Analyst Weigh In

FRMM has been the subject of a number of recent research reports. Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Clear Str raised Forum Markets to a “strong-buy” rating in a research report on Monday, May 11th. Zacks Research upgraded Forum Markets to a “hold” rating in a research note on Friday, May 29th. Loop Capital set a $11.00 price objective on Forum Markets in a report on Monday, May 11th. Finally, Benchmark upped their price objective on shares of Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.