Konstantin Lomashuk Sells 3,387 Shares of Forum Markets (NASDAQ:FRMM) Stock

Forum Markets, Inc (NASDAQ:FRMM) major shareholder Konstantin Lomashuk sold 3,387 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $6.15, for a total value of $20,830.05. Following the completion of the sale, the insider directly owned 1,479,200 shares of the company’s stock, valued at approximately $9,097,080. This trade represents a 0.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares 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 value of $6,743.00.
• On Tuesday, July 7th, Konstantin Lomashuk sold 3,702 shares of Forum Markets stock. The shares were sold at an average price of $6.41, for a total value of $23,729.82.

Forum Markets Price Performance

Forum Markets stock traded up $0.32 during mid-day trading on Tuesday, hitting $6.80. The company’s stock had a trading volume of 627,056 shares, compared to its average volume of 848,876. The stock’s 50 day moving average is $5.04. The firm has a market cap of $91.05 million, a P/E ratio of -0.19 and a beta of 1.37. 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, Inc has a 52-week low of $1.76 and a 52-week high of $174.60.

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 during the quarter. As a group, analysts forecast that Forum Markets, Inc will post -4.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FRMM. Clear Str raised shares of Forum Markets to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research upgraded Forum Markets to a “hold” rating in a report on Friday, May 29th. Benchmark lifted their price objective on Forum Markets from $5.00 to $9.00 and gave the company a “speculative buy” rating in a research report on Friday, May 15th. Wall Street Zen downgraded Forum Markets from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Forum Markets in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Forum Markets currently has a consensus 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.