Forum Markets (NASDAQ:FRMM) Major Shareholder Sells $1,500,000.00 in Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 250,000 shares of Forum Markets stock in a transaction 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 transaction, the insider owned 1,226,638 shares in the company, valued at approximately $7,359,828. This represents a 16.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% 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 shares were sold at an average price of $6.15, for a total transaction 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 transaction 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 transaction of $23,729.82.

Forum Markets Price Performance

Shares of FRMM stock opened at $5.37 on Friday. The company has a quick ratio of 6.19, a current ratio of 6.19 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $71.90 million, a P/E ratio of -0.15 and a beta of 1.37. The stock’s 50-day moving average price is $5.39. Forum Markets, Inc has a 12 month low of $1.76 and a 12 month high of $174.60.

Forum Markets (NASDAQ:FRMM) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($3.64) earnings per share for the quarter. The firm had revenue of $2.86 million for the quarter. Sell-side analysts forecast that Forum Markets, Inc will post -5.02 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on FRMM. Loop Capital set a $11.00 target price on Forum Markets in a research note on Monday, May 11th. Benchmark upped their price target on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research note on Friday, May 15th. Weiss Ratings upgraded Forum Markets from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Zacks Research upgraded shares of Forum Markets to a “hold” rating in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of Forum Markets from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Forum Markets Company Profile

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.