Forian (NASDAQ:FORA) Posts Quarterly Earnings Results

Forian (NASDAQ:FORA) issued its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13), FiscalAI reports. The business had revenue of $6.85 million during the quarter, compared to the consensus estimate of $7.62 million.

Forian Trading Up 0.5%

Shares of NASDAQ FORA traded up $0.01 during midday trading on Friday, reaching $2.17. 87,900 shares of the company were exchanged, compared to its average volume of 27,236. Forian has a 1 year low of $1.64 and a 1 year high of $2.71. The stock has a fifty day simple moving average of $2.11 and a 200 day simple moving average of $2.13. The stock has a market cap of $67.79 million, a P/E ratio of -24.11 and a beta of 0.93.

Hedge Funds Weigh In On Forian

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Forian during the fourth quarter worth about $37,000. Citadel Advisors LLC grew its holdings in shares of Forian by 178.2% during the third quarter. Citadel Advisors LLC now owns 38,369 shares of the company’s stock worth $86,000 after buying an additional 24,578 shares during the last quarter. Finally, OpenArc Corporate Advisory LLC purchased a new position in shares of Forian during the fourth quarter worth about $173,000. Hedge funds and other institutional investors own 19.25% of the company’s stock.

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.