Forian (NASDAQ:FORA) Announces Earnings Results

Forian (NASDAQ:FORA) announced its quarterly earnings results on Friday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.07), FiscalAI reports. The business had revenue of $7.96 million for the quarter, compared to analysts’ expectations of $7.70 million.

Forian Price Performance

Shares of FORA stock opened at $2.06 on Friday. The stock’s fifty day simple moving average is $2.09 and its 200 day simple moving average is $2.15. Forian has a one year low of $1.64 and a one year high of $2.71. The firm has a market cap of $64.01 million, a price-to-earnings ratio of -24.33 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OpenArc Corporate Advisory LLC bought a new stake in shares of Forian in the 4th quarter worth about $173,000. Citadel Advisors LLC lifted its holdings in Forian by 178.2% during the 3rd quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock valued at $86,000 after purchasing an additional 24,578 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Forian in the fourth quarter valued at about $37,000. 19.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Forian in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Forian Company Profile

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.